NWAU brings more clarity, but care min questions remain
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 2022 edition of Mirus Industry Analysis (MIA).
Revenue management (starts at 0:09)
On March 29 2022, the Budget announced an AN-ACC NWAU starting price of $216.80. At this starting price, average resident AN-ACC funding is expected to be approximately $225 per day. Watch the video for information on the Average Daily Subsidy for the industry, the Voluntary ACFI claiming, complex health care (CHC) trends including 4b and 5 and claims greater than 12 months.
Admissions management (starts at 2:14)
Occupancy levels stabilised over the month of March at 88.22% occupied bed days. Watch the video for more including permanent and new permanent admissions, acuity of admissions, % of new admissions from hospitals, new ACFI’s versus departed ACFI’s, average age of admissions and respite bed days used.
Workforce management (starts at 2:30)
As we work towards the introduction of the average case mix adjusted care minutes, we saw modest gains in March across registered nurse (RN) minutes and direct care minutes, however agency minutes fell 23%. Watch the video to see more data on RN minutes, delivered care minutes per bed per day, allied heath minutes, AIN/EN minutes and more.
As a MIA subscriber you will have access to the full data set breakdown as a downloadable PDF.
Get insights for your own organisation against the industry data
Benchmarking & Insights allow you to compare your Average Daily Subsidy (ADS) to the industry average. You will also gain valuable insights into your ACFI/AN-ACC claiming activity and benchmarking to support your occupancy, revenue, and workforce strategies. What’s even better, is that it’s free.
About Mirus Industry Analysis (MIA)
We love numbers and we love data! 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.