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     FrontPage Edition: Thu 1 March 2007

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Key Survey Findings on Health Services 2005

Source:  www.singstat.gov.sg

ECONOMIC SURVEYS SERIES Reference Year 2005

HEALTH SERVICES

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.
I. ECONOMIC PERFORMANCE
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.
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.
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.
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.
II. MAIN ACTIVITIES IN HEALTH SERVICES
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).
Hospitals, however, was the largest employer, engaging some 25,400 workers in 2005, or an average employment size of 1,270 workers.

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.

Remuneration and purchases of goods & materials were the top two business cost items for all health services groups in 2005 (Table 1).
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.

III. KEY PERFORMANCE RATIOS
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.
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.

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).

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).

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.
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.

IV. PERFORMANCE BY FIRM SIZE
Small firms (i.e. less than 10 workers) formed the majority (90.2 per cent) in the health services industry in 2005 (Table 3).
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.

More.....

1 Includes specialised medical services.

Source:  www.singstat.gov.sg Media Release 28 Feb 2007

Related Article:
- Key Survey Findings on Health Services 2004

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