Care minutes and RN minutes down, while occupancy rises
Rob Covino presents Mirus Industry Analysis (MIA), a series of monthly insights into the key performance indicators and cumulative industry trends from the 90,000+ beds we monitor for financial sustainability.
Welcome to the April 2024 edition.
Revenue
In March, Average Daily Subsidy (ADS) across the sector remained relatively flat, decreasing slightly to $268.02.
Total claiming activity jumped by 0.5% to 7.53%, which can be attributed to improvements in voluntary reclassifications. Due to the growth in claiming activity, the age of AN-ACC claims experienced a significant decline of -3.78%, with 56.92% of all AN-ACC claims now being 12 months in age.
Occupancy
Occupancy levels continued to climb in March, reaching 88.83%. Short-stay admissions dropped by -1.77%, accounting for 22.79% of all residents staying in care for less than 6 months.
Workforce management
Total direct care minutes delivered per resident per day decreased from 205.80 in February to 203.62 in March. RN minutes also declined by -1.16% to 39.25 minutes, indicating a potential challenge in meeting the 44-minute RN requirement when it comes into effect on 1st October 2024.
About Mirus Industry Analysis (MIA)
With one of the largest aged care databases in Australia, each month we bring you MIA – a monthly wrap up of insights captured from data covering 90,000+ beds.
