Singapore plans to launch fixed-price land tender for a proposed not-for-profit private hospital
The recommended health center would certainly have the ability to place 300 to 400 beds, and deliver even more lower-cost special health care alternatives, media reports mentioned Ong as mentioning.
The land will be given via a fixed-price tender. Under this method, prospective buyers will be reviewed on qualitative criteria including their care model, cost effectiveness, method to seeking and establishing manpower, and their dedication and plans towards affordable health care, claimed Health Minister Ong Ye Kung.
To make sure lower costs, the government aims to specify guidelines in the tender documentations, adding the fixed-price model. It will also enforce restrictions on bill scales, topping them at a particular percentile of the market.
“There are still a few important concerns we have to deal with, and I wish we are able to resolve them and get to a resolution in the second half of the year, to introduce the tender,” he added.
He released the plans on April 9 at an anniversary event for Mount Alvernia Medical facility– presently the only not-for-profit private acute hospital in Singapore.
The intended not-for-profit private health center will certainly build on the authorities’ efforts to rein in private medical care prices and climbing insurance costs.
The Singapore state is wanting to launch a site in the eastern section of the island for a brand-new not-for-profit private acute health center, in what would certainly be the first land launch for exclusive hospitals in almost two decades.
Singapore’s last private health center land tender was operated in 2008. On the place, the 333-bed Mount Elizabeth Novena Medical facility opened in 2012 at a price of $2 billion, of which about $1.25 billion had gone into the land purchase, The Straits Times reported.
