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In 2005, the health services industry
comprised about 3,500 establishments. The industry employed some 52,200
workers which represented an average employment size of 15 workers per
establishment. |
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I. ECONOMIC PERFORMANCE |
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Total operating receipts
generated by the health services industry was $5,904 million in
2005, an increase of 8.0 per cent over 2004. On a per
establishment basis, operating receipts rose by 5.2 per cent to
$1.7 million in 2005. |
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Total operating expenditure
incurred went up by 7.1 per cent from $4,974 million in 2004 to
$5,325 million in 2005. Correspondingly, on a per establishment
basis, operating expenditure increased by 4.3 per cent to $1.5
million in 2005. |
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Total operating surplus
increased from $859 million in 2004 to $937 million in 2005, an
increase of 9.1 per cent. Operating surplus per establishment rose
by 6.3 per cent to $264,200 in 2005. |
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Total value added
generated by the health services industry was $3,471 million in
2005, an increase of 7.5 per cent over 2004. On a per
establishment basis, value added grew from $933,800 in 2004 to
$978,200 in 2005. |
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II. MAIN ACTIVITIES IN HEALTH
SERVICES |
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Western clinics1 made up a significant
61.4 per cent of the total establishments in the health services
industry, employing 30.0 per cent of the total workers in the
health industry (Chart 1). |
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Hospitals, however, was the largest
employer, engaging some 25,400 workers in 2005, or an average employment
size of 1,270 workers. |
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In terms of operating receipts and value
added, hospitals¡¯ share was the largest, accounting for 45.8 per cent and
44.6 per cent of the respective industry totals in 2005 (Chart 2). Western
clinics constituted another important group in the health services
industry, contributing 38.2 per cent and 39.1 per cent of total operating
receipts and total value added respectively. |
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Remuneration and purchases of goods &
materials were the top two business cost items for all health services
groups in 2005 (Table 1). |
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Together, they formed a significant 57-70 per
cent of the respective group¡¯s total operating expenditure. The third
largest business cost item was depreciation of fixed assets for hospitals
and other medical services, and rental of offices, shops & other premises
for western, nonwestern and dental clinics. |
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III. KEY PERFORMANCE RATIOS |
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Profitability Ratio of overall health services
was 15.8 per cent in 2005, a slight increase from the 15.6 per cent
registered in 2004. |
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Within the industry, western clinics,
non-western clinics and other medical services recorded slight increases
in their profitability ratios (Chart 3). Hospitals recorded a
profitability ratio of 9.2 per cent, lower than the 9.7 per cent in 2004. |
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Earnings-expenditure Ratio
for overall health services stood at 17.9 per cent in 2005, slightly
higher than the 17.6 per cent recorded in the previous year. Non-western
clinics recorded the highest ratio at 36.5 per cent, followed by dental
services (32.3 per cent) and western clinics (32.2 per cent) (Chart 4). |
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Average Annual Remuneration per
Employee was $50,100 for employees working in
the health services industry in 2005. Employees in western clinics
received the highest average remuneration of $54,900 (Table 2). |
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Value Added per Worker
for overall health services was $66,500 in 2005, a slight increase of 1.2
per cent compared with the previous year. |
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Within the industry, western clinics continued
to record the highest average value added of $86,700 in 2005 (Chart 5). On
the other hand, non-western clinics¡¯ value added per worker was the lowest
at $27,400. |
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IV. PERFORMANCE BY FIRM SIZE |
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Small firms (i.e. less than 10 workers) formed
the majority (90.2 per cent) in the health services industry in 2005
(Table 3). |
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However, large firms (100 workers & above)
which constituted only 1.1 per cent, contributed the largest share of 59.8
per cent of the industry¡¯s total operating receipts. |
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More..... |
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1 Includes specialised medical services. |
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Source:
www.singstat.gov.sg Media
Release 28 Feb 2007 |
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Related Article: |
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Key Survey Findings on
Health Services 2004 |
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