Singapore plans to launch fixed-price land tender for a proposed not-for-profit private hospital
The suggested hospital would definitely be able to place 300 to 400 beds, and provide even more lower-cost exclusive medical care alternatives, media reports quoted Ong as stating.
To ensure lesser costs, the state aims to stipulate guidelines in the tender files, including the fixed-price model. It will also impose restrictions on bill scales, covering them at a particular percentile of the market.
Singapore’s last exclusive healthcare facility land tender was held in 2008. On the site, the 333-bed Mount Elizabeth Novena Medical facility opened up 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 Singapore government is aiming to release a site in the eastern section of the island for a new not-for-profit private acute healthcare facility, in what would certainly be the very first land launch for private healthcare facilities in almost 20 years.
The land will be given through a fixed-price tender. Under this strategy, prospective buyers will be examined on qualitative criteria entailing their care model, expense effectiveness, approach to recruiting and establishing workforce, and their dedication and policies towards affordable health care, stated Health Minister Ong Ye Kung.
He publicized the plans on April 9 at an anniversary occasion for Mount Alvernia Hospital– currently the only not-for-profit exclusive acute hospital in Singapore.
The intended not-for-profit private medical facility will build on the authorities’ initiatives to rein in exclusive healthcare expenses and climbing insurance fees.
“There are still a few essential problems we need to deal with, and I hope we are able to resolve them and arrive at a judgment in the 2nd half of the year, to introduce the tender,” he included.
