Mirus Industry Analysis (MIA) – May 2023 edition
May 15, 2023 | Aged Care Finance
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 May 2023 edition of Mirus Industry Analysis (MIA).
Revenue management
In April, the industry experienced further gains in ADS across all facility types with the average jumping up $1.17 from the previous month. We can expect further growth from the 1st of July with the announcement from DoHAC committing to funding higher wages in residential aged care across the country.
Occupancy
Occupancy rates saw a surge due to new respite admissions, which went up by 10% over the course of April. Permanent admissions performance in April was not as impressive as it was in March, achieving only two-thirds of the permanent admissions.
Workforce management
Total direct care minutes per resident per day increased by 1.24% from March to April, reaching 171.36 minutes. The RN minutes also continued their upward trend, with an average of 21.79 minutes worked per resident per day.
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 AN-ACC claiming activity and benchmarking to support your occupancy, revenue, and workforce strategies. What’s even better, is that it’s free.
Click here to benchmark your facility today
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.
