The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Matthew Johnston - Jarden Limited, Research Division - Analyst
: Maybe just on that occupancy question for you, Rick. Is the nominal trend, i.e., beds occupied going up as well despite taking some beds off-line?
Question: Matthew Johnston - Jarden Limited, Research Division - Analyst
: Okay. Great. I haven't got that slide this morning. Maybe just secondly, on Q1, Q2, I know you haven't disclosed anything, but would it be fair to
assume that COVID costs trended down into Q2? Is that a fair assumption?
Question: Matthew Johnston - Jarden Limited, Research Division - Analyst
: Okay. That's helpful. And then just in terms of underlying costs going forward, was there much difference between Q1 and Q2?
Question: Matthew Johnston - Jarden Limited, Research Division - Analyst
: Okay. And then just on the mandated minutes around 200 minutes of an average, given that the AN-ACC funding is lower for Regis, does that mean
that the required mandated minutes is lower than 200 minutes?
Question: Matthew Johnston - Jarden Limited, Research Division - Analyst
: Okay. That's helpful. And maybe just last one for me. Any sort of color or insight, I guess, around what the pricing authority might look like in terms
of recommendation for 1st of July this year?
Question: David Bailey - Macquarie Research - Analyst
: Just on Slide 4, that 165 to 170 direct care minutes. I mean of these initiatives you're looking to put in place at the moment, how should we think
about that as progressing throughout the rest of this calendar year?
Question: David Bailey - Macquarie Research - Analyst
: But in terms of rates of change to 170, I mean, should we be thinking about like sort of 5 minutes per quarter? Or do you have any sense as to where
you might be able to end up by October when these -- on the back of these initiatives?
Question: David Bailey - Macquarie Research - Analyst
: Understood. And then just a broader industry question, some more positive occupancy data coming through for yourselves, but there is the demand
slide that you sort of referenced and the industry has slowed the number of places that have been added because of regulatory uncertainty as well
as COVID-19.
I mean how should we think about industry occupancy trending over the next couple of years just on the back of a potential mismatch between
supply and demand.
Question: David Bailey - Macquarie Research - Analyst
: Understood. And then just the cost of -- cost per bed for a new or brownfield development or greenfield, I should say. Development currently
versus where they might have been historically? Any metrics there would be interesting.
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FEBRUARY 26, 2023 / 11:00PM, REG.AX - Half Year 2023 Regis Healthcare Ltd Earnings Call
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