Providers slow to adopt AN-ACC are leaving $277m on the table
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 December 2022 edition of Mirus Industry Analysis (MIA).
Revenue management (starts at 0:07)
The Industry’s Average Daily Subsidy for permanent residents increased by $.54 to $221.25. The average for permanent residents was $219.46 over the November Period. AN-ACC reclassifications dropped over the November period to only 2.24% of consumers being assessed, which is the lowest point over the past year.
Occupancy (starts at 03:04)
Occupancy levels continued their positive trend upwards increasing to 86.8% through the November period. Watch the video to see our report on the sectors segmented facility types.
Workforce management (starts at 03:18)
The stand out for the month was a jump of 23.% of Allied health time per minute of 3.15 minutes per resident per day.
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.