The Newsroom

Many aged care providers are undervaluing Refundable Accommodation Deposits (RADs), leaving millions on the table.

This inaugural report provides an objective perspective on how effectively the sector is operating, with data-driven insights designed to guide improvements.

Mirus Australia has teamed up with StewartBrown to launch the inaugural Aged Care Effectiveness Index to aid growth and improvement in the sector.

The Index measures the performance of the aged care sector, which can be used as a benchmarking tool for providers to track performance and shape strategy.

While most aged care providers surveyed say that their funding and care minute strategies are functioning adequately, many are unsure, Mirus Australia poll finds.

Just over half of respondents who attended a webinar hosted by the aged care advisory group disagreed with the statement they have proper applications in place managing their data safety and have no manual processes.

Notable winners included Mirus Australia, who enjoyed success in the Technology – Business category, won the category for the Mirus Metrics AN-ACC funding application, and received a highly commended award for the Mirus AI platform.

July data also shows RN care time exceeded mandatory 40-minute threshold.

July saw a much-needed change in fortune for allied health minutes in residential care as a 20% jump led to a positive period for care minutes overall.

Sixty percent of aged care leaders, responding to a survey conducted by Mirus Australia, agree that their businesses are financially enhanced under AN-ACC.

There are mixed reactions to the AN-ACC funding model’s long-term impact with just over half of the sector responding to a Mirus Australia survey and confirming their business is financially better off compared to the previous Aged Care Funding Instrument (ACFI).

Aged care leaders are adapting to new funding structures and considering innovative strategies, a new survey has found.

A new survey by Mirus Australia of 233 aged care leaders from 170 organisations reveals the sector’s transition to the Australian National Aged Care Classification (AN-ACC) and its innovative strategies for financial sustainability.

Artificial intelligence has roared into the mainstream world with AI-based systems more accessible than ever. With that rapid rise comes plenty of uncertainty and apprehension and many of us are still learning about how it can be adopted and best used.

Adjustments have been made to the care minutes target, the government announced on Tuesday. The Department of Health and Aged Care has tweaked that directive saying providers can also meet 10 per cent of the RN target – 4.4 minutes (4 minutes and 24 seconds) – with care time delivered by an enrolled nurse.

Aged care providers are standing on solid financial foundations after settling into a consistent run of form for their average daily subsidy and care minute totals in 2024, according to the latest findings from Mirus Australia.

The ‘Moneyball’ revolution in baseball resonates deeply with the current situation in the aged care sector. Billy Beane’s famous quote, “We need to change the way we think about the game,” mirrors the imperative need for a paradigm shift in how we approach aged care in the era of AN-ACC.

As care minutes dipped in March, auditors are catching providers using ineligible inclusions, in some cases leading to unannounced visits. But with strong occupancy rates and ADS activity many providers are performing well.