Singapore plans to launch fixed-price land tender for a proposed not-for-profit private hospital
Singapore’s last exclusive medical facility land tender was held in 2008. On the area, the 333-bed Mount Elizabeth Novena Health center opened up in 2012 at an expense of $2 billion, of which about $1.25 billion had actually gone into the land procurement, The Straits Times reported.
The planned not-for-profit private medical facility will certainly improve the authorities’ efforts to rein in exclusive health care expenses and rising insurance fees.
The Singapore authorities is seeking to launch a site in the eastern part of the island for a new not-for-profit private acute medical facility, in what would certainly be the initial land launch for private healthcare facilities in almost twenty years.
To make certain cheaper prices, the state intends to stipulate guidelines in the tender documents, adding the fixed-price model. It will also impose limitations on bill scales, capping them at a particular percentile of the marketplace.
“There are still a few essential issues we have to deal with, and I wish we have the ability to address them and reach a decision in the 2nd half of the year, to launch the tender,” he included.
The suggested healthcare facility would definitely have the ability to place 300 to 400 beds, and provide even more lower-cost exclusive medical care options, media reports mentioned Ong as saying.
The land will be offered through a fixed-price tender. Under this method, prospective buyers will certainly be examined on qualitative requirements including their care model, expense effectiveness, approach to recruiting and developing workforce, and their commitment and policies towards affordable healthcare, said Health Minister Ong Ye Kung.
He disclosed the plans on April 9 at an anniversary activity for Mount Alvernia Hospital– presently the only not-for-profit private acute hospital in Singapore.
