Across the aged care sector, there has been a notable shift in accommodation pricing strategy following the 1 January increase to the maximum permissible Refundable Accommodation Deposit (RAD), which rose from $550,000 to $750,000.
With sector wide increases in occupancy giving less pressure on pricing, this presents a long-awaited opportunity to increase non-care revenue.
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.
Natanya Full, Head of Admissions at Mirus Australia, summarises Admissions Management in Aged Care for the year 2020. The data is collated from our valued Mirus Admissions clients and de-identified.
What does your follow-up approach look like? When you are in the day to day of managing sales and admissions, it is easy to get caught up in how things are, or how things have been done in the past.
In residential care, some Admissions managers say that if you don’t get back to a potential customer in 24 hours, you have lost them. So, how long do you have to respond to a new enquiry?
In today’s competitive landscape driven by consumer choice do you regularly compare your performance to your local competition? What are your priorities, and can you trust your own data? with Natanya Full from Mirus Australia
We are excited to bring you the latest features in Mirus Admissions: Product Preference and Inventory Management. New features will land on 14/09/2020. Key benefits: 1. Customer experience: Build a more tailored…