Industry Analysis & Industry Trends
General hospitals provide acute care, and are split between government-funded public hospitals and private hospitals. Public hospitals receive the majority of their funding from state governments and the Federal Government, while private hospitals primarily source their revenue from private health insurers and out-of-pocket patient costs. Demand for general hospitals has surged over the past five years due to Australia's ageing population and the prevalence of chronic illness among adults. Private hospitals have gained further benefits from steady increases in private health insurance coverage. As a whole, the General Hospitals industry is forecast to grow 3.8% annualised over the five years through 2013-14 to be worth $56.4 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 50.9% of all separations in the public system compared with 68.7% in the private system. This indicates that the public hospital system performs more emergency services than the private hospital system... purchase to read more