Singapore plans to launch fixed-price land tender for a proposed not-for-profit private hospital
The prepared not-for-profit exclusive health center will certainly build on the authorities’ initiatives to rein in personal health care expenses and rising insurance fees.
Singapore’s last private medical facility land tender was held in 2008. On the area, the 333-bed Mount Elizabeth Novena Medical facility 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 suggested medical facility would definitely be able to house 300 to 400 beds, and provide even more lower-cost special healthcare alternatives, media reports quoted Ong as saying.
The Singapore state is aiming to release a site in the eastern part of the island for a new not-for-profit exclusive acute health center, in what would certainly be the initial land launch for exclusive health centers in nearly two decades.
“There are still a couple of important concerns we have to resolve, and I hope we are able to deal with them and arrive at a decision in the second part of the year, to launch the tender,” he included.
The land is going to be offered through a fixed-price tender. Under this method, prospective buyers are going to be reviewed on qualitative standards entailing their care model, expense performance, approach to seeking and establishing workforce, and their dedication and plans towards affordable medical care, said Health Minister Ong Ye Kung.
He publicized the plans on April 9 at an anniversary event for Mount Alvernia Medical facility– currently the only not-for-profit exclusive acute medical center in Singapore.
To guarantee lesser prices, the authorities intends to specify prerequisites in the tender documents, including the fixed-price model. It will also impose restrictions on bill sizes, topping them at a certain percentile of the market.
