The key to financial performance and data security
Data breaches and cybersecurity have risen to the top of CEOs’ concerns in 2024, as revealed by a KPMG report ‘Keeping us up at night’.
Data breaches and cybersecurity have risen to the top of CEOs’ concerns in 2024, as revealed by a KPMG report ‘Keeping us up at night’.
On 14 February 2024, all providers in Australia will need to submit the first QFR in the mandatory Care Minute era which began on 1 October 2023.
On Friday, 30 November, the Department of Health and Aged Care brought to light an error in the accuracy of calculated care minute targets on My Aged Care.
On Friday, 30 November, the Department of Health and Aged Care brought to light an error in the accuracy of calculated care minute targets on My Aged Care.
Last week, the Department of Health and Aged Care (the Department) conducted another webinar which gave an overview of how providers’ operational and financial data will be published on My Aged Care from February 2024 to increase transparency.
After more than a year of AN-ACC, we have worked with over 100 providers to adjust their funding processes to the new AN-ACC model. Most of the industry are still evolving their internal structures and models and in this blog we review four real life examples of approaches and the lessons learned.
The Commission’s utilisation of various information sources to construct a comprehensive risk profile for each provider assures that no stone will be left unturned, building on earlier discussions with the Commission. Mirus Australia have been passionately working on addressing the complexities of care minutes and the AN-ACC framework from multiple angles.
With the recent enforcement of mandated care minutes, we find ourselves in a precarious situation in the aged care sector. There’s a fine balance between maintaining occupancy and managing workforce costs efficiently, all while ensuring compliance with regulatory standards.
Managing the balance in the AN-ACC world now requires three (3) key workflows: Forecast AN-ACC classes for pre-admission and current residents to manage care revenue; Establish consistent Roster Demand Template/s; Control and understand your data to then strategically request reclassifications.
Following the October 5 Department Webinar: Quarterly Financial Report – what’s changed?, several changes to QFR Reporting were outlined and subsequent updates were made to the Care Minutes & 24/7 RN Responsibility Guide.