Singapore plans to launch fixed-price land tender for a proposed not-for-profit private hospital
The recommended health center would definitely be able to house 300 to 400 beds, and deliver more lower-cost exclusive medical care options, media reports mentioned Ong as stating.
“There are still a few important concerns we have to address, and I hope we are able to address them and arrive at a decision in the second part of the year, to introduce the tender,” he added.
The Singapore state is wanting to launch a site in the eastern section of the island for a new not-for-profit exclusive acute medical facility, in what would be the very first land release for private hospitals in close to twenty years.
The intended not-for-profit exclusive healthcare facility will improve the authorities’ initiatives to rein in exclusive medical care costs and rising insurance premiums.
Singapore’s last private healthcare facility land tender was held in 2008. On the area, the 333-bed Mount Elizabeth Novena Health center opened up in 2012 at a cost of $2 billion, of which about $1.25 billion had gone into the land purchase, The Straits Times reported.
He released the plans on April 9 at an anniversary event for Mount Alvernia Hospital– presently the only not-for-profit exclusive acute medical facility in Singapore.
To ensure lower prices, the administration intends to specify guidelines in the tender documents, adding the fixed-price model. It will also inflict constraints on bill scales, topping them at a certain percentile of the marketplace.
The land will be offered via a fixed-price tender. Under this strategy, bidders will be reviewed on qualitative standards entailing their care model, cost effectiveness, strategy to recruiting and creating manpower, and their dedication and plans towards affordable health care, said Health Minister Ong Ye Kung.
