Increases in ADS, occupancy and RN minutes
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 2023 edition of Mirus Industry Analysis (MIA).
Revenue management
Over the March period, the industry Average Daily Subsidy (ADS) jumped $1.40 to $223.77. Claiming activity across the sector slipped back again this month to 5.37% which is a further 2% less than in February..
Occupancy
We saw some bounce back in occupancy levels in March with the industry achieving 87.04% of occupied bed days. Strong performance in permanent admissions and respite bed days provided the boost.
Workforce management
Total Direct Care Minutes dropped 2.3% in March bringing the the industry average to 169.58 minutes. RN minutes rose, and agency minutes took a step back from the holiday peak period by a solid 21.40%.
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.
