AN-ACC claims drop by nearly -6.5%
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 May 2024 edition.
Revenue
The industry ADS fell -0.15 cents in April to $268.13. However, the MMM=5 facility type saw an increase of 0.75 cents breaking through the $280 ADS threshold.
Total claiming activity fell -0.25% in April. The slowdown in claiming activity, combined with a segment of AN-ACC claiming anniversary dates, resulted in a nearly -6.5% decline in the total percentage of claims now aged older than 12 months.
Occupancy
Occupied bed days decreased by -0.06% to 88.65%. Short-term stays also declined slightly by -0.09% to 22.90%. However, respite usage rates have been trending upwards.
Workforce management
Total direct care minutes remained steady, and saw a slight increase of 0.17% in April, reaching 203.97 minutes. RN minutes are trending flat, consistent with last month’s figures at 39.77 minutes.
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.
