The financial sustainability of the Queensland health entities is declining. The sector is facing an ongoing challenge to maintain financial sustainability while ensuring patients are not waiting longer for care than clinically recommended.
In 2019–20, eight hospital and health services reported an operating deficit. The deficits in five of these predominately resulted from the individual boards approving investment of surpluses from prior years into projects.
Increasing demand and costs for healthcare services are impacting on the hospital and health services’ long-term sustainability. Staff numbers are growing faster than activity, which is putting upwards pressure on costs to deliver services.
The hospital and health services have over $11 billion in assets, for which there is a growing anticipated maintenance. This $893 million of maintenance, estimated at 30 June 2019, is likely to put additional pressure on the sector’s long-term sustainability.