Claiming activity in January lowest since 2017 rule changes
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 February 2022 edition of Mirus Industry Analysis (MIA).
Revenue management (starts at 0:10)
Only 1.6% of voluntary claims were submitted in the month of January and total claiming activity dropped to the lowest it’s been since the 2017 ACFI rule changes. With that, January saw a slight reduction in claims older than 12 months. Watch the video for more including the Average Daily Subsidy for the industry and complex health care (CHC) trends including 4B and 5.
Admissions management (starts at 2:00)
Occupancy levels declined in January, with the industry at 87.81% of occupied bed days. Respite days didn’t show strong conversion into permanent entry. Watch the video for more including new permanent admissions, % of new admissions from hospitals, average new ACFI’s versus departed ACFI’s and average age of admissions.
Workforce management (starts at 3:05)
Agency minutes worked on a per bed per day basis jumped a further 73% in January and the care minute average per bed per day saw a slight rise. Watch the video to see data on RN minutes, allied health 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.