Mirus Industry Analysis (MIA) – December 2024 edition

Direct care minutes decline -1.93% to 211.60, RN time also down

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 December 2024 edition.

Revenue

In November, the industry Average Daily Subsidy (ADS) fell slightly to $297.23, a -$0.29 decrease from October. Voluntary claiming picked up slightly, with MMM2 and MMM3 facility types experiencing an increase of 0.72%, reaching 5.03% over the November period.

Occupancy

Occupied bed days continued their upward trajectory, reaching 89.26% in November. Short-term stays under 6 months increased by 0.68% from October to 23.23%, a typical trend for this time of year.

Workforce management

Total direct care minutes worked declined by -1.93% to 211.60 minutes, falling below the 215-minute national average. RN minutes also decreased by -2.30% from October to November, reaching 43.24 minutes, just under the 44-minute national average.

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.  

Catch up on earlier editions