Registered Nurse (RN) minutes up by 7.83%, direct care minutes also up
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 October 2023 edition of Mirus Industry Analysis (MIA).
Revenue
In September, the industry Average Daily Subsidy (ADS) experienced a slight increase of 8 cents to $253.27.
Recent data shows a noticeable shift in claiming activity, which has decreased from its previous peak in double digits, stabilising at approximately 6-7% of residents being classified each month. In September, this figure stood at 7.59%.
Occupancy
Permanent admissions continue to rise, approaching 89% occupancy rate in September.
Additionally, short-term admissions also experienced an increase this month, accounting for 23.83% of all resident admissions.
Workforce management
Total Direct Care Minutes across the sector saw an impressive improvement of 2.46%, reaching 199.68 minutes per resident per day. Although RN minutes exhibited commendable growth, rising by 7.83%, it remained below the expected 40-minute average.
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.
