Mirus Industry Analysis (MIA) – March 2024 edition

March 15, 2024 | Mirus Industry Analysis (MIA)

Occupancy continues to gain momentum each month

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 March 2024 edition.


In February, the industry ADS declined by -0.32 cents, to $267.71. Total claiming activity rebounded to nearly 7% of total claims being assessed by AMOs, while voluntary claiming also increased by 0.72 cents to 4.58%.


In February, occupancy levels across the sector remained relatively positive and stable, settling at 88.59%. MM5 and specialised homeless facilities continued to rise, with the MMM=5 facility types increasing by 1.44% to 86.76%.

Short-stay admissions increased by 3.22%, with 24.79% of residents staying in care for less than 6 months.

Workforce management

Total direct care minutes fell -0.33 cents to 203.11 minutes. RN minutes continued to perform slightly below the anticipated 40-minute industry average but are moving in the right direction with an increase of 1.59%, reaching 39.92 minutes.

         As a MIA subscriber you will have access to the full data set
breakdown as a downloadable PDF

Enjoy 50% off your personalised Accommodation Pricing Report.

Good news! We’re currently offering 50% off the Accommodation pricing report. Take advantage of this great offer and order a tailored report for your facility for just $249.00 (normally valued at $499.00).

This report is designed to help you understand your competitors, room types and pricing so that you can compete with the right price and right goals for your organisation.

Click here to order your tailored Accommodation Pricing Report. – 50% off for a limited time!

About Mirus Industry Analysis (MIA) 

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.  

Catch up on earlier editions