Industry Analysis & Industry Trends
General practitioners (GPs) are the first point of contact in the medical system. The Federal Government provides assistance to the industry via Medicare by covering the schedule fee of each GP consultation. GPs can charge the schedule fee (bulk-billing) or a higher price, which requires a patient to pay the gap between the schedule fee and the set price. Bulk-billing rates have climbed to about 82% over the past five years, further diminishing the out-of-pocket cost to the patient. Therefore, with out-of-pocket patient costs considerably lowered by Medicare, growth in industry revenue depends on growth in the volume of services provided.
Demand for GP services has steadily grown over the past five years as Australia's population increases and ages... purchase to read more
Industry Report - Industry Products Chapter
GPs are able to provide a wide range of services due to the broad scope of their training and expertise. According to the Australian Institute of Health and Welfare (AIHW), GPs treat general and unspecified issues, along with respiratory, musculoskeletal, skin, cardiovascular and digestive health problems. The types of health problems encountered by patients do not change much with demographic alterations, resulting in only minimal change to the market shares of the services segments.
General and unspecified
GP visits for general and unspecified health issues are forecast to account for 27.6% of industry revenue in 2013-14... purchase to read more