Industry Analysis & Industry Trends
The Ambulance Services industry provides critical emergency services to Australia's population. The industry's various government-funded operators ensure that patients requiring emergency or urgent ambulance attention can receive it quickly. The full costs of ambulance services tend not to be covered by ambulance member subscriptions and private health insurance benefits. State government grants make up the cost shortfall, with those grants becoming additional revenue. Increased ambulance costs therefore translate into greater industry revenue.
Demand for ambulance services has increased over the past five years, on the back of population growth and Australia's ageing population. The average cost of ambulance responses has risen, but is subsidised by government grants... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry for providers of non-emergency services are relatively low, but include the cost of infrastructure for a geographically dispersed service, and the existence of contracts with incumbent operators. Many general hospitals have relationships with private operators to provide non-emergency transport. These operators are generally well established and gain from economies of scale. New entrants would have to usurp such operators, demonstrating that they could be cost-effective against entrenched industry operators.
However, barriers in providing emergency services are high. Government funding of existing ambulance services tend to prevent private operators competing. Regulations in some states prohibit the use of the word ‘ambulance’ in a trading name or advertisement... purchase to read more