Industry Analysis & Industry Trends
Public and private general hospitals provide acute care to patients. Government-funded public hospitals receive the majority of their funding from state governments and the Federal Government, while private hospitals generate revenue from private health benefit payments and out-of-pocket patient costs. Demand for general hospitals has surged over the past five years, due to Australia's rapidly ageing population and the prevalence of chronic illness among adults. Private hospitals have received a further boost from increased private health insurance membership. Industry revenue is forecast to increase by a compound annual rate of 4.9% over the five years through 2015-16, to be worth $65.0 billion... purchase to read more
Industry Report - Industry Locations Chapter
The location of hospitals in Australia (both public and private) largely reflects the distribution of the population. Other factors include the age distribution of the population, birth rates, household incomes and government health policies. The distribution of general hospitals among each state generally follows population distribution.
Larger population centres tend to be serviced by larger hospitals that can attain greater economies of scale through sheer size and the ability to service more patients. This results in an under-representation in the number of hospitals compared with population size in larger states such as New South Wales and Victoria... purchase to read more