Singapore plans to launch fixed-price land tender for a proposed not-for-profit private hospital
The prepared not-for-profit private health center will build on the authorities’ efforts to rein in personal health care costs and rising insurance costs.
“There are still a few essential problems we need to deal with, and I wish we are able to deal with them and come to a resolution in the 2nd part of the year, to release the tender,” he added.
He announced the plans on April 9 at an anniversary event for Mount Alvernia Hospital– currently the only not-for-profit private acute medical center in Singapore.
Singapore’s last exclusive medical facility land tender was operated in 2008. On the place, the 333-bed Mount Elizabeth Novena Healthcare facility established in 2012 at a cost of $2 billion, of which about $1.25 billion had actually gone into the land purchase, The Straits Times reported.
The Singapore authorities is wanting to release a site in the eastern portion of the island for a brand-new not-for-profit exclusive acute health center, in what would certainly be the very first land launch for private health centers in almost two decades.
The land is going to be offered via a fixed-price tender. Under this method, prospective buyers will certainly be evaluated on qualitative requirements including their care model, cost performance, approach to seeking and creating workforce, and their dedication and policies towards affordable healthcare, claimed Health Minister Ong Ye Kung.
The proposed health center would definitely be able to place 300 to 400 beds, and deliver more lower-cost private medical care options, media reports quoted Ong as stating.
To guarantee cheaper prices, the administration aims to stipulate requirements in the tender documents, adding the fixed-price model. It will also impose limitations on bill sizes, topping them at a certain percentile of the marketplace.
