Mirus Industry Analysis (MIA) – November 2023 edition
November 21, 2023 | Mirus Industry Analysis (MIA)
Total direct care minutes reaches 209 minutes, surpassing the 200-minute national average
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 November 2023 edition of Mirus Industry Analysis (MIA).
Revenue
In October, the sector achieved modest gains in ADS adding $0.23 from the previous period. MMM5 Facility types jumped nearly 1.5% due to stronger admissions across the regions last month.
Total Claiming activity was up again with the continued occupancy gains experienced across the sector.
Occupancy
Occupancy levels increased slightly in October reaching 88.79%.
In addition, while short-term stay admissions experienced a bump up in October, new permanent admission intakes were down by approximately 23% from the previous month and that also played out with a reduction in respite bed days.
Workforce management
Total direct care minutes per resident per day increased by an impressive 4.24% from September to October, reaching 209 minutes. However, it’s important to note that each facility will have its own care minute targets determined by the unique profile of residents within that service.
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)
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.
