Industry Analysis & Industry Trends
The General Practice Medical Services industry has grown healthily over the past five years. General practitioners (GPs) are the first point of contact in the medical system, providing direct treatment to patients or diagnosing their problems and referring them to a specialist or a general hospital. GPs receive Federal Government assistance through Medicare, which covers a schedule fee for each consultation. Bulk-billing, which involves GPs charging just the schedule fee, has climbed to over 80.0% of all GP consultations over the past five years. This means that more patients have been able to visit their GP for health problems without any out-of-pocket cost.
Strong demand for GP services has resulted in industry revenue rising by an estimated compound annual rate of 2.9%... purchase to read more
Industry Report - Industry Locations Chapter
Demand for services and the average size of entities affect the number of general practices in a state or territory. The location of GP practitioners registered for Medicare is closely correlated with the spread of the population. A significant proportion of general practices are located in urban areas with high population densities. Consequently, New South Wales, Victoria and Queensland account for the majority of general practices in Australia.
The age distribution of the population affects demand. Higher age profiles can explain the high number of general practices in New South Wales and Victoria. The proportion of the population aged 65 and over in these states is about 14.9% and 14.4% respectively, which is above the national average of 13.8%... purchase to read more