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 problem and referring the patient to a specialist or a general hospital. GPs receive strong Federal Government assistance through Medicare, which covers a schedule fee for each consultation. Bulk-billing, which involves GPs just charging the schedule fee, has climbed to 82.0% of all 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 a compound annual rate of 3.5%... purchase to read more
Industry Report - Industry Products Chapter
GPs are able to provide a wide range of services due to their broad scope of training and expertise. GPs treat general and unspecified issues and respiratory, musculoskeletal, skin, cardiovascular and digestive health problems.
General and unspecified treatments
The general and unspecified treatments segment is largely made up of the provision of prescriptions, general check-ups, analysis of results from tests or procedures and administration of non-respiratory vaccinations. GPs perform these services because they are the first point of contact in the healthcare system and because of their breadth of knowledge. The share of industry revenue generated by this segment has remained stable over the past five years... purchase to read more