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 benefits and out-of-pocket patient costs. General hospital demand 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 an extra boost due to widening private health insurance coverage across the population. Overall, industry revenue is forecast to increase by a compound annual 4.0% over the five years through 2013-14, to be worth $56.9 billion... purchase to read more
Industry Report - Industry Products Chapter
Industry services can be broken down into different types of hospitals: public tertiary hospitals, other public hospitals and private hospitals. The hospital a patient chooses to visit generally depends on circumstance and the treatment required. The segments vary between procedure capabilities, out-of-pocket cost to patients and waiting times.
Hospital patients are increasingly being discharged on the day of admission, but a discrepancy between public and private hospitals exists. According to the AIHW, same-day separations account for 50.3% of all separations in the public system compared with 68.9% in the private system... purchase to read more