Australia’s growing population is one that is both ageing and experiencing an increasing burden of chronic diseases. This continues to place a greater demand and cost on Australia’s health system.
We work with clients including leading private sector players such as insurers, hospitals and other providers, pharmaceutical and medical devices/diagnostics companies, as well as new entrants in the health market to improve and redesign the health system to be more effective and efficient at promoting and preserving good health and wellbeing.
Our future generations will face unprecedented global issues in sustaining and developing the world. Access to high quality education and social services is essential to build our future generations’ capacity to tackle these issues.
We recognise the challenge that government and the society face to provide education and social services under budgetary pressures. We can assist you with designing and evaluating programs that deliver target outcomes efficiently.
As Australia and the world are shifting towards a lower carbon economy, we are working with business to understand the implications of changing policy, technology and market dynamics. As government sets and implements its environmental policy agenda, we can assist in analysing the economic and financial impacts of different approaches.
Utilities companies are operating in an increasingly complex environment, with customers, shareholders and the broader community expecting more from these businesses in terms of the quality, cost and reliability of services as well as environmental sustainability. Furthermore, these increasing demands are occurring against a backdrop of an increasingly challenging financial and regulatory environment. We work collaboratively with utilities to meet these challenges, offering a range of services spanning strategy and policy development, financial and economic modelling, organisational reviews and regulatory advice. Find out more.
By bringing the best of PwC to the field of international development, we can help solve some of the world’s biggest problems – effectively and sustainably. We work with the organisations that strive to transform the lives of poor and vulnerable people. They include multilateral and bilateral funders, foundations, educational institutions, private sector businesses, healthcare organisations, NGOs, and social enterprises. Our work benefits economies, organisations and individuals.
Our macroeconomic efforts focus on helping businesses to assess the most pressing risks and opportunities in their markets, understand the effectiveness of their forecasts and test their businesses’ sensitivity to a range of economic scenarios. Working at the nexus of economics, strategy and finance, our team provide practical and empirically-supported solutions using the latest economic tools and industry leading expertise. We have a deep understanding of economic data statistics and Government accounting, which we use alongside a suite of modelling platforms, including:
At PwC, we understand that evaluation is key to assessing and realising the overall value and impact produced by program outcomes. Evaluations not only help to understand if the processes and activities which made up the program were effective and successful, but if there were any unintended consequences that were harmful and should be stopped.
The Economics team supports private sector clients to monitor and evaluate the progress and achievements of programs being undertaken. It takes a tailored approach to both the design and execution of evaluation - drawing on a range of methodological approaches and techniques such as participatory action research, co-design and realist methodology. We have experience developing program logics - as a core and foundational tool in our evaluation suite - and experience undertaking human research ethics applications to ensure our research is ethically acceptable and compliant with relevant standards and guidelines, and use a program logic.
Ensuring that investments offer a net benefit to our communities is of critical importance to government decision makers. Our teams are highly experienced in performing cost-benefit analysis (CBA) and creating robust business cases to support some of Australia's most significant investment decisions.
PwC’s Geospatial Economic Model (GEM) calculates the economic output, employment and industry characteristics for 2,214 ‘locations’ across Australia. With growth and productivity on the agenda for many organisations, we developed GEM to:
You can’t force people to be more rational, but by recognising and anticipating cognitive biases using behavioural science and data analytics, you can design targeted, cost-effective interventions that nudge people toward better decisions and behaviours. Our approach is aimed at helping our clients to identify, understand and address irrational behavioural tendencies to move towards better behavioural outcomes. It is based on the idea that customers/citizens are prone to important behavioural biases, and if we can understand how these biases arise in different decision moments we can work to reduce, harness or counter them.
A business’ pricing strategy is a key conduit through which it interacts with its customers. Combining economic expertise, commercial acumen and contemporary analytical tools, we help our clients develop pricing strategies that support a business’ commercial and other objectives, delivering value, managing risk and enabling other business transformations such as operational efficiency initiatives.
Working with a cross section of industry and non-government organisations, we have delivered industry price benchmarking analyses, undertaken economic modelling of pricing and market entry strategies, and developed tailored pricing frameworks to support major programs and projects.
Benefits realisation helps organisations measure performance in a unique way. We partner with private sector clients to undertake benefits realisation for specific programs or whole of organisation investments. Our approach supports clients to identify how much and for whom something is being achieved and how this happens. We combine quantitative and qualitative tools to support decision making and key message communication. Our tools use client data and are designed with the user experience at their centre so that staff themselves can continue to monitor ongoing performance.
Our team gives industries and organisations the opportunity to understand their impact on the economy. In order to measure this impact, we analyse economic contribution in three ways:
Marty Jovic
Partner & Consulting Chief Operations Officer, Health Economics, PwC Australia
Tel: +61 2 8266 3988
Jeremy Thorpe
Partner & Chief Economist, Insight & Economics, PwC Australia
Tel: +61 416 245 535