ADS, occupancy, and RN minutes continue on a positive trajectory
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 September 2023 edition of Mirus Industry Analysis (MIA).
In August, additional gains were experienced across the sector, with the industry’s Average Daily Subsidy (ADS) increasing by a further $1.48, reaching $253/day.
The claiming activity across the sector decreased slightly from 7.21% in July to 6.48% in August, resulting in a change of -0.73%.
Permanent admissions picked up in August, surpassing the 88% rate of occupied bed days. With the growth in resident movement, this introduces another metric for facilities to monitor regarding care minutes.
Short-term admissions also continued to trend around 23% of all resident admissions.
Total direct care minutes increased by 1.99% in August reaching close to 194 minutes worked on a per resident per day basis. The RN Minutes also increased slightly, reaching just shy of 33 minutes worked on a per resident per day basis.
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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.
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.