Singapore plans to launch fixed-price land tender for a proposed not-for-profit private hospital
The land is going to be offered via a fixed-price tender. Under this technique, prospective buyers will be evaluated on qualitative criteria including their care model, cost performance, strategy to seeking and creating workforce, and their commitment and policies towards affordable health care, stated Health Minister Ong Ye Kung.
To make sure lesser prices, the government aims to state guidelines in the tender documents, adding the fixed-price model. It will also enforce constraints on bill sizes, topping them at a certain percentile of the marketplace.
He released the plans on April 9 at an anniversary event for Mount Alvernia Hospital– currently the only not-for-profit exclusive acute healthcare facility in Singapore.
The Singapore government is aiming to launch a spot in the eastern section of the island for a new not-for-profit private acute healthcare facility, in what would be the first land launch for exclusive health centers in nearly twenty years.
The suggested health center would certainly have the ability to place 300 to 400 beds, and deliver even more lower-cost exclusive healthcare options, media reports quoted Ong as stating.
The prepared not-for-profit exclusive medical facility will certainly build on the authorities’ initiatives to rein in personal healthcare expenses and increasing insurance fees.
Singapore’s last private healthcare facility land tender was operated in 2008. On the area, the 333-bed Mount Elizabeth Novena Health center opened in 2012 at an expense of $2 billion, of which about $1.25 billion had actually gone into the land procurement, The Straits Times reported.
“There are still a few essential concerns we need to address, and I wish we have the ability to address them and arrive at a resolution in the 2nd part of the year, to introduce the tender,” he added.
