Singapore plans to launch fixed-price land tender for a proposed not-for-profit private hospital
To guarantee lower prices, the administration aims to state criteria in the tender documentations, including the fixed-price model. It will also impose limitations on bill sizes, topping them at a particular percentile of the marketplace.
The recommended health center would have the ability to place 300 to 400 beds, and provide more lower-cost private health care alternatives, media reports mentioned Ong as stating.
The intended not-for-profit exclusive medical facility will build on the authorities’ initiatives to rein in private health care costs and increasing insurance fees.
Singapore’s last private hospital land tender was held in 2008. On the area, the 333-bed Mount Elizabeth Novena Hospital opened in 2012 at an expense of $2 billion, of which about $1.25 billion had gone into the land procurement, The Straits Times reported.
The land will be offered via a fixed-price tender. Under this method, prospective buyers will certainly be examined on qualitative requirements entailing their care model, expense effectiveness, technique to seeking and creating workforce, and their dedication and plans towards affordable healthcare, said Health Minister Ong Ye Kung.
“There are still a few essential problems we have to deal with, and I hope we are able to deal with them and reach a judgment in the 2nd half of the year, to launch the tender,” he added.
He disclosed the plans on April 9 at an anniversary activity for Mount Alvernia Medical facility– currently the only not-for-profit private acute healthcare facility in Singapore.
The Singapore government is seeking to release a spot in the eastern section of the island for a brand-new not-for-profit exclusive acute medical facility, in what would be the first land release for exclusive hospitals in almost twenty years.
