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 - Industry Investment Chapter
The Ambulance Services industry has a low level of capital intensity. IBISWorld estimates that the industry invests $0.06 in capital for every dollar spent on wages. Labour costs are high due to operators requiring trained personnel to deliver care, along with the need to have constant readiness capabilities. In addition, some ambulance services are introducing extended care paramedics for flexible deployment to provide out-of-hospital interventions aimed at reducing ambulance delivery into hospital emergency departments. While wage expenses far outweigh capital investment, the industry does invest in property and vehicles. Ambulance stations tend to require sophisticated equipment, requiring high capital investment... purchase to read more