Mirus Industry Analysis (MIA) – February 2023 edition
February 17, 2023 | Aged Care Finance
Direct care minutes are up but RN time slides
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 2023 edition of Mirus Industry Analysis (MIA).
Revenue management (starts at 0:11)
The sector achieved further gains from the December period adding $1.18 to Industry ADS indicating that Providers are starting to engage with the AN-ACC processes.
Occupancy (starts at 01:14)
Occupancy levels had a slight pause over January as both Providers and families caught their breath over the holiday period. The Industry is still sitting near a 12-month high at just over 86% of licensed beds being occupied.
Workforce management (starts at 01:55)
Direct care minutes jumped up 9% over January to just over 175 minutes worked on a per-resident per-day basis. However, RN minutes slid by almost 3.5% to 25 minutes worked on per-resident per-day basis.
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breakdown as a downloadable PDF
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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.