INCOME AND EXPENSES
During the 2009-10 financial year, total income of $6.4b was generated by specialist medical businesses, of which fee for service accounted for $5.1b or 79.9%. Of the total fee for service $974.9m or 19% comprised of bulk billing payments, $1.8b or 36% was from patient payments and $1.6b or 30.7% was from private health insurance payments.
Specialist medical businesses operating on 30 June 2010, generated an average income of $636,500 per business. Average fee for service income earned per practitioner was $271,200.
Total industry expenditure for specialist medical businesses was $4.1b during 2009-10. The main expense item incurred was labour costs, accounting for $1.7b or 41% of total expenses. The other main source of expenditure was payments to administrative businesses for support services of $705.6m or 17.3%, indicating that a number of specialist businesses utilise the services of a separate administrative company to provide support staff and pay general expenses.