The Cabinet will examine non-adversarial compensation options regarding children, young people and families negatively affected by their attendance at the HSE-run South Kerry Child and Adolescent Mental Health Service (CAMHS).
A review published last week found that 227 children being treated by a junior doctor employed by the service had been exposed to the risk of significant harm through his diagnoses and treatment of them.
Forty-six children were identified as having suffered significant harm.
Today will be the first opportunity ministers have to collectively discuss the report, and it is anticipated that details will be finalised in relation to the compensation.
It is understood ministers will also examine the standard operating procedures, governance, and processes, as well as an independent prescribing audit of all 72 CAMHS teams.
It is believed that an independent prescribing audit is already under way in North Kerry CAMHS, as the junior doctor at the centre of the investigation also worked there for a short time.
Speaking in the Dáil last week, Taoiseach Micheál Martin said this was a "profoundly serious issue" and a "damning indictment of the service" provided under CAMHS.
Tánaiste Leo Varadkar said the people affected would be provided with financial compensation because there had been "huge failings" in the service, and children had been put on the wrong medicines and left on them for too long.
The report found there was no system to check the prescribing of medications, or the quality of service, by the junior doctor's supervisors.
The Chief Executive of the Mental Health Commission said he has has written to Minister of State Mary Butler following the revelations about the South Kerry CAMHS.
Speaking on RTÉ's Morning Ireland, Joh Farrelly said he has asked the Minister with Responsibility for Mental Health to implement a number of advices contained in the report.
He also called for the National Audit of CAHMS terms of reference and scope to be agreed and overseen by independent experts.
"It's important that there's a level of independence and scrutiny over all this to assure the parents and assure people out there that the mistakes that have occurred would be rectified," he said.
The issues seen in South Kerry are not seen to the same degree around the country, Mr Farrelly said.
He also said that a national director of mental health care is needed as the current national structure is not capable of keeping up with what is required to put in place proper mental health services.
Meanwhile, gardaí say that a "number of relevant contacts have been received" since Friday's appeal for people to come forward.
