Mirus Industry Analysis (MIA) – June 2024 edition

Direct care minutes down -3.02% to 199.87

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 June 2024 edition.

Revenue

In May, the industry ADS fell -0.38 cents to $268.48. Total claiming activity decreased slightly from 7.68% in April to 7.22% in May, resulting in a change of -0.47%. In addition, the average age of AN-ACC claims dropped -5.08% to 45.36%, marking one of the lowest reported percentages of AN-ACC claims in a while.

Occupancy

Occupied bed days continued to trend flat, hovering around the 88% mark. Short-stay admissions fell -3.50%, representing just 19.60% of all Medicare claims. Additionally, the usage of respite bed days also declined by approximately -11.00%.

Workforce management

Total direct care minutes fell by -3.02% to 199.87, dropping below the national average of 200 minutes. RN minutes also decreased by -3.44% to 38.89 minutes. This decline may be attributed to winter and the flu season, leading to an increase in absenteeism and sick leave.

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