Mirus Industry Analysis (MIA) – September 2024 edition

RN time down -7.80% in August, alongside declines in direct care minutes

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 September 2024 edition.

Revenue

The industry’s Average Daily Subsidy (ADS) remained flat in August, finishing at $269.95. Total claiming activity jumped from 7.33% in July to 8.79% in August, an increase of 1.45%, which can be attributed to an uptick in new assessments.

Occupancy

Occupied bed days experienced a slight uptick of 0.30%, settling in at 88.59%. New permanent admissions increased by 4.5% in August, while respite bed day usage saw a significant rise of 16.12%.

Workforce management

With less than two weeks before the care minute requirement increases, direct care minutes across the industry dropped by -1.38% to 203.13. RN minutes saw a significant decline of -7.80%, dropping below the current 40 minute requirement to 37.62 minutes per resident per day.

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