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 problems and referring patients to a specialist or general hospital. GPs receive Federal Government assistance through Medicare, which covers a schedule fee for each consultation. The proportion of bulk-billed consultations, in which a GP only charges the schedule fee, has climbed from 79.1% in 2010-11 to an estimated 83.8% in 2015-16. This has been largely due to an increasing number of retirees visiting their GP as pensioners are more commonly offered bulk-billing than working-age adults.
Industry revenue is projected to rise at an annualised 4.1%... 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 GPs is 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 higher than the national average... purchase to read more