Diagnostic health services provide information about the presence, severity, and cause of diseases and other physical ailments in patients. This is increasingly a critical part of the health care system as greater focus is given to early detection and prevention to reduce overall health care costs.
Diagnostic Imaging services in 2010 generated $2.5bn in revenue in Australia. Industry Revenue is expected to grow at an average annualised rate of 3.8% over the next 5 years.
Approximately 70% of all diagnostic imaging services are funded through Medicare through a bulk billing regime.
Demand for diagnostic imaging services is being driven by:
- Continuing strong growth in the Australian health system
- The ageing population of Australia
- A greater focus on early detection and prevention to reduce overall healthcare costs
- A move away from invasive exploratory surgery towards the use of MRI and CT scanning for certain diagnoses, and
- Technical improvements and the accuracy and capabilities of imaging techniques.
Why Invest in Capitol Health?
- The second-largest provider of diagnostic imaging in the state with 35 clinics spread across Victoria
- Business model based on bulk billing ensures a steady revenue stream.
- Recent investment in latest technology with five MRI s in place or on order - all eligible for Government licensing.
- Proven ability to take market share from competitors in existing markets, which is important given ongoing industry consolidation.
- Strong reputation for high quality service provision with pure exposure to a growing industry.
- Consistent growth in profitability and outperforming competitors