Mirus Industry Analysis (MIA) – January 2023 edition
January 31, 2023 | Aged Care Finance
56% of AN-ACC assessments older than 12 months
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 January 2023 edition of Mirus Industry Analysis (MIA).
Revenue management (starts at 0:08)
We welcomed 2023 with a slight bump up in average daily subsidy achieving $221.50 ADS for all permanent residents, this was a $0.47 improvement from the previous month. By facility type, the ADS retracted slightly which we attribute to low reclassifications rates. 56% of AN-ACC assessments are now 12 months or older.
Occupancy (starts at 02:09)
Occupancy levels continued their positive trend upwards increasing to 86.5% at the end of December.
Workforce management (starts at 02:34)
The national average for care minutes remained short of the anticipated 200 mins national average achieving only a slight increase last month to 196.56 from 196.14 as of the end of November. Watch the video on how this breaks down across care requirements.
As a MIA subscriber you will have access to the full data set
breakdown as a downloadable PDF
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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.
