Mirus Industry Analysis (MIA) – October 2023 edition
October 16, 2023 | Mirus Industry Analysis (MIA)
Registered Nurse (RN) minutes up by 7.83%, 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 October 2023 edition of Mirus Industry Analysis (MIA).
Revenue
In September, the industry Average Daily Subsidy (ADS) experienced a slight increase of 8 cents to $253.27.
Recent data shows a noticeable shift in claiming activity, which has decreased from its previous peak in double digits, stabilising at approximately 6-7% of residents being classified each month. In September, this figure stood at 7.59%.
Occupancy
Permanent admissions continue to rise, approaching 89% occupancy rate in September.
Additionally, short-term admissions also experienced an increase this month, accounting for 23.83% of all resident admissions.
Workforce management
Total Direct Care Minutes across the sector saw an impressive improvement of 2.46%, reaching 199.68 minutes per resident per day. Although RN minutes exhibited commendable growth, rising by 7.83%, it remained below the expected 40-minute average.
As a MIA subscriber you will have access to the full data set
breakdown as a downloadable PDF
Enjoy 50% off your personalised Accommodation Pricing Report. Offer ends 31st October.
To celebrate our birthday month, we’re offering a 50% discount on our Accommodation pricing report. For a limited time, you can order your tailored Accommodation Pricing Report for just $249.00 (normally valued at $499.00). The report is designed to help you understand your competitors, room types and pricing so that you can compete with the right price and right goals for your organisation.
Click here to order your tailored Accommodation Pricing Report.
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.
