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 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 4.3% over the five years through 2015-16, to be worth $62.1 billion... purchase to read more
Industry Report - Industry Key Buyers Chapter
With the largest general hospitals owned and operated by state governments, standard methods of determining industry concentration are not readily applicable to the General Hospitals industry. Larger public hospitals jointly funded by state governments and the Federal Government operate alongside smaller private hospitals.
Hospital networks owned by New South Wales, Victoria, Queensland and Western Australia account for just under 70% of industry revenue, resulting in moderate market share concentration that borders on high concentration. Each state health department manages hospitals of different sizes and attributes, from large public tertiary hospitals in urban centres to smaller rural hospitals. No individual hospital accounts for a significant market share... purchase to read more