Singapore plans to launch fixed-price land tender for a proposed not-for-profit private hospital
The Singapore government is seeking to launch a spot in the eastern section of the island for a new not-for-profit private acute health center, in what would certainly be the very first land release for exclusive hospitals in nearly 20 years.
He publicized 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.
Singapore’s last private healthcare facility land tender was operated in 2008. On the site, the 333-bed Mount Elizabeth Novena Health center established in 2012 at an expense of $2 billion, of which about $1.25 billion had actually gone into the land purchase, The Straits Times reported.
The proposed medical facility would have the ability to place 300 to 400 beds, and offer even more lower-cost private health care choices, media reports quoted Ong as mentioning.
To guarantee lower costs, the administration aims to specify prerequisites in the tender documents, adding the fixed-price model. It will also impose limitations on bill scales, capping them at a particular percentile of the market.
“There are still a few essential concerns we need to resolve, and I wish we are able to resolve them and get to a decision in the second half of the year, to release the tender,” he added.
The planned not-for-profit exclusive hospital will certainly improve the authorities’ efforts to rein in private medical care prices and rising insurance costs.
The land is going to be presented via a fixed-price tender. Under this method, prospective buyers will certainly be assessed on qualitative requirements including their care model, expense performance, approach to recruiting and establishing workforce, and their commitment and plans towards affordable medical care, claimed Health Minister Ong Ye Kung.
