Mirus Industry Analysis (MIA) – November 2024 edition

November 19, 2024 | Mirus Industry Analysis (MIA)

ADS reaches a new high of $297.40, and direct care minutes also up

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 2024 edition.

Revenue

October saw a notable increase in revenue, with the department’s AN-ACC indexation boosting the Average Daily Subsidy (ADS) by $25.50 to $297.40 per day. MMM5 facilities recorded an impressive $38.05 increase, reaching $314.27.

Occupancy

Occupancy remained stable across October, increasing slightly to 88.95%. New permanent admissions fell by -17.25%, while respite bed usage dropped by -15.13%.

Workforce management

October marked the first full month under the new care minute requirements. The sector achieved an average of 217.77 minutes of total direct care time per resident per day, with Registered Nurse (RN) minutes reaching 44.26 minutes.

As a MIA subscriber you will have access to the full data set
breakdown as a downloadable PDF

Subscribe to MIA

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