INCOME
Income received by Acute and psychiatric hospitals in Australia during 2008-09 amounted to $8,353m, an increase of 18% over the previous cycle. Patient revenue accounted for 95% of all income generated by Acute and psychiatric hospitals in 2008-09.
When income is adjusted to remove the effects of price changes over the period, the average annual increase over the five years from 2003-04 ($6,416m) to 2008-09 ($8,094m) was 4.9%. This excluded 2007-08, because the Private Health Establishments Collection was not undertaken for the cycle. For further information on the use of chain volume measures to adjust income and expenditure, see Explanatory Note 23.
Acute and Psychiatric Private Hospitals, Income and expenditure 2003-04 to 2008-09(a)