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. Private hospitals generate revenue from private health benefit payments and out-of-pocket patient fees. 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 4.3% over the five years through 2015-16, to be worth $62.1 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 visits generally depends on circumstances and the treatment required. The segments vary in terms of procedure capabilities, out-of-pocket costs to patients and waiting times.
Hospital patients are increasingly being discharged on the day of admission, but there is some discrepancy between public and private hospitals. According to the Australian Institute of Health and Welfare (AIHW), same-day separations accounted for 50.7% of all separations in the public system in 2013-14, compared with 64.4% in the private system... purchase to read more