Keep informed with regular insights, data, reports and analysis of aged care industry trends and issues
Mirus Metrics now offers new and insightful Business Intelligence based on a complete AN-ACC dataset beyond just Medicare claims. Analysis of Medicare claim data alone is only half the story.
With ongoing consultation on the regulatory model for aged care, the Department of Health and Aged Care conducted a webinar on the design of the new model in May. As we progress towards the go-live date in July 2024, we are putting together a summary of the key concepts and insights from the consultation and documents.
Within 18 months of 1st October, every provider will receive an assessment, and this will reoccur every 3 years or at random based on risk. The purpose of these assessments is to ensure accuracy of care minute reporting in Quarterly Financial Reports and 24/7 RN time in line with the 24/7 RN responsibility.
On the 1st October 2023, care minute targets became mandatory and the care minutes associated with each AN-ACC class were adjusted.
In our work with over 40 providers on their transition to AN-ACC, we have noticed the sector is generally missing the link between funding and care minutes that are opposite sides of the scales that need to be continually kept in balance.
With the focus on care minutes becoming mandatory on the 1st October it’s easy to forget that there are also changes to RVUs also going live that day.
Please join Mirus Industry Analysis (MIA), a monthly video series hosted by Rob Covino.
Discover the hidden risks of using spreadsheets for AN-ACC management in aged care providers and explore how Mirus Metrics provides a secure and proactive solution. Learn about the limitations of spreadsheets in managing sensitive clinical data, and the advantages of using Mirus Metrics for automatic updates, robust security, user-friendly features, and efficient and compliant management of AN-ACC revenue.
Learn of changes between the current Aged Care Act & the proposed framework of the new rights based Aged Care Act, highlighting 5 key areas.
The aged care industry is undergoing significant changes in response to government policies and evolving market dynamics. As part of these changes, the management of Refundable Accommodation Deposits (RADs) and Daily Accommodation Payments (DAPs) has become a critical aspect of financial governance for aged care providers. In this blog, we will explore the key steps and strategies involved in effectively managing accommodation revenue.