In 2015 the National Blood Authority appointed HOI to determine whether their existing capital funding management model was the best option to optimise return to the government while supporting the growth requirements of the Australian Red Cross (Blood Service).
Key consultancy activities included:
- Review of the existing process for calculating, paying and allocating capital funding each financial year and propose options for future funding. The review also considered the management of the Blood Service (including governance, planning and execution of the program) and the future capital requirements of the Blood Service.
- Identification of gaps, deficiencies and opportunities for improvement and identification of options within the methodology for calculation of future capital funding based on capital requirements of the Blood Service, including the risks and benefits of each option.
- Development of a conceptual model of options informed by a literature scan and stakeholder consultations. The model included a summary of the strengths and weakness of the existing capital funding model.
- Provision of assurance to all government stakeholders that the capital funding agreed in the Output Based Funding Model principles were consistent with best practice.
- Identification of opportunities for improvement in the capital funding and allocation methodology.
- Selection and refinement of the chosen model, informed by consultation with the project Steering Committee.