Industry Analysis & Industry Trends
Hospitals are a pivotal part of Australia's healthcare system, providing care for people with acute illnesses. The General Hospitals industry is forecast to be worth $54.8 billion in 2013-14 after strong growth of an annualised 3.8% over the past five years. This includes growth of 3.7% in 2013-14. Demand for hospital services is being driven by Australia's ageing population, the prevalence of chronic illness among adults and increasing private health insurance membership. State governments and the Federal Government provide direct funding for public hospitals and indirect funding for private hospitals. Industry growth largely hinges on the amount of funding provided by various government agencies... purchase to read more
Industry Report - Industry Products Chapter
Industry services can be broken down into different types of hospitals, including larger public tertiary hospitals, other public hospitals and private hospitals. Patients are likely to visit a certain hospital depending on what they require treatment for. Within each hospital segment, factors such as complex procedure capabilities, out-of-pocket cost and waiting times are generally similar.
The trend of hospital patients being discharged on the day of admission is increasing across the board, but a discrepancy between public and private hospitals exists. Same-day separations account for 50.9% of all separations in the public system compared with 68.7% in the private system, according to the AIHW... purchase to read more