Direct care mins jump nearly 18% in August
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 2022 edition of Mirus Industry Analysis (MIA).
Revenue management (starts at 0:04)
In August, Average Daily Subsidy (ADS) across the sector remained relatively flat, increasing slightly to $196.06, and there was continued growth of pain management claiming with 57% of claims in Medicare having a 4b associated with it. Watch the video to see data on ACFI claiming activity, voluntary claiming activity, claims greater than 12 months, and more information on complex health care trends.
Admissions management (starts at 1:16)
Respite bed days were up again in August, while occupancy declined to 86.58%. Watch the video for information on permanent and new permanent admissions, acuity of admissions, percentage of new admissions from hospitals, and average age of admissions.
Workforce management (starts at 3:20)
Direct care minutes increased 17.59% to 164.63 minutes, RN minutes rose to 16.52% to 28.66 minutes, and agency minutes rose 45.62% to 4.23 minutes. Watch the video to see more data AIN/EN minutes, Allied Health minutes, non-care minutes, and more.
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 90,000+ beds.