Occupancy remains low at 88%.
Rob Covino presents Mirus Industry Analysis (MIA) insights into the previous month’s key performance indicators across the not-for-profit, private providers, and the cumulative industry trends from the 89,000+ beds the Mirus Australia team currently monitors for financial sustainability.
The August period saw continued growth in overall Average Daily Subsidy (ADS) maintaining its status above $190, with Private operators nearing $200 ADS.
Ongoing State lockdowns are causing occupancy levels to continue to decline with August at 88% of occupied bed days. It would appear families continue to favour respite and home care options, with respite bed days consuming a further 10,000 days than last month.
Overall Care Minutes maintained flat at an average total of 152 mins worked on a per bed per day basis with non-care minutes sliding slightly, however Allied Health Minutes jumped 30% over the month August.
Lastly, we are encouraging providers to start their AN-ACC journey now so they can begin to plan out and absorb what they need to know now for their organisation’s transition. We have developed the Mirus ACFI to AN-ACC Pathway (MAAP), a diagnostic tool to help our clients consider the stages of preparation for the required changes across their organisation. You can try the MAAP here
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 89,000+ beds.
Please contact us if you have any questions about this edition.