Singapore plans to launch fixed-price land tender for a proposed not-for-profit private hospital
To guarantee lesser expenses, the government intends to stipulate requirements in the tender files, containing the fixed-price model. It will also inflict constraints on bill sizes, topping them at a certain percentile of the marketplace.
The proposed medical facility would definitely be able to house 300 to 400 beds, and offer even more lower-cost private health care choices, media reports quoted Ong as stating.
“There are still a couple of essential issues we need to resolve, and I wish we have the ability to address them and arrive at a decision in the second part of the year, to introduce the tender,” he included.
The Singapore authorities is wanting to release a site in the eastern portion of the island for a brand-new not-for-profit private acute healthcare facility, in what would be the very first land launch for private hospitals in close to twenty years.
He disclosed the plans on April 9 at an anniversary event for Mount Alvernia Medical facility– presently the only not-for-profit private acute medical center in Singapore.
Singapore’s last private hospital land tender was operated in 2008. On the site, the 333-bed Mount Elizabeth Novena Health center established in 2012 at a cost of $2 billion, of which about $1.25 billion had gone into the land purchase, The Straits Times reported.
The land is going to be offered via a fixed-price tender. Under this technique, prospective buyers will be reviewed on qualitative standards entailing their care model, expense performance, strategy to seeking and developing manpower, and their commitment and plans towards affordable health care, claimed Health Minister Ong Ye Kung.
The prepared not-for-profit private medical facility will build on the authorities’ efforts to rein in personal medical care costs and increasing insurance fees.
