Singapore plans to launch fixed-price land tender for a proposed not-for-profit private hospital
The land is going to be presented through a fixed-price tender. Under this approach, prospective buyers will be evaluated on qualitative criteria including their care model, cost performance, technique to seeking and developing workforce, and their dedication and policies towards affordable health care, said Health Minister Ong Ye Kung.
The Singapore authorities is aiming to release a site in the eastern section of the island for a brand-new not-for-profit exclusive acute medical facility, in what would be the initial land launch for private hospitals in almost 20 years.
To make certain lesser prices, the administration intends to stipulate guidelines in the tender files, containing the fixed-price model. It will also inflict restrictions on bill sizes, topping them at a certain percentile of the marketplace.
The planned not-for-profit private medical facility will certainly improve the authorities’ efforts to rein in exclusive healthcare expenses and increasing insurance premiums.
Singapore’s last private healthcare facility land tender was operated in 2008. On the place, the 333-bed Mount Elizabeth Novena Healthcare facility established 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 proposed medical facility would definitely have the ability to place 300 to 400 beds, and deliver even more lower-cost exclusive healthcare options, media reports quoted Ong as mentioning.
“There are still a couple of essential problems we need to address, and I hope we have the ability to deal with them and reach a resolution in the 2nd half of the year, to launch the tender,” he included.
He disclosed the plans on April 9 at an anniversary occasion for Mount Alvernia Medical facility– currently the only not-for-profit private acute healthcare facility in Singapore.
