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 Products Chapter
Ambulance services are required for patients with acute health problems requiring fast medical attention, and patient transport. An ambulance response refers to a vehicle that has attended an incident. Responses are generally categorised as emergency, urgent and non-emergency responses. The likelihood of multiple responses for a single incident is highest for emergency incidents and lowest for non-emergency incidents.
Emergency responses involve vehicles attending potentially life-threatening incidents, which require a lights-and-sirens response. Emergency incidents are more inclined to require ambulance care than urgent or non-emergency incidents. Emergency responses are also more likely to require multiple vehicles... purchase to read more