FY22 had the lowest total occupancy ever at 88% occupied bed days
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 July 2022 edition of Mirus Industry Analysis (MIA).
Revenue management (starts at 0.04)
Average Daily Subsidy (ADS) swelled 9.3% over the past 36 months, with June closing out an industry ADS of $193.85. Watch the video to see data on claiming activity, including voluntary claiming, and claims greater than 12 months, as well as more information on pain management trends, such as 4b and 5 complex health care (CHC).
Admissions management (starts at 2:05)
Overall, FY22 saw the lowest number of occupied bed days at 88%. In June alone, occupancy levels dropped to 86.74%, and respite bed days used rose to 218,734. Watch the video for more information on permanent and new permanent admissions, acuity of admissions, % of new admissions from hospitals, new ACFI’s versus departed ACFI’s, and average age of admissions.
Workforce management (starts at 3:08)
Care minutes increased 23.54% in June to 150.71 mins per bed per day, and Registered Nurse (RN) mins rose 21.80% to 23.56 mins. Watch the video to see data on AIN/EN minutes, Allied Health minutes, and more.
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.