Singapore plans to launch fixed-price land tender for a proposed not-for-profit private hospital
The prepared not-for-profit private medical facility will build on the authorities’ initiatives to rein in personal medical care prices and rising insurance fees.
Singapore’s last private health center land tender was held in 2008. On the area, the 333-bed Mount Elizabeth Novena Healthcare facility opened in 2012 at an expense of $2 billion, of which about $1.25 billion had actually gone into the land acquisition, The Straits Times reported.
“There are still a few important problems we need to address, and I hope we are able to resolve them and arrive at a decision in the second part of the year, to introduce the tender,” he included.
The land is going to be presented by using a fixed-price tender. Under this method, bidders will certainly be evaluated on qualitative requirements including their care model, expense efficiency, approach to recruiting and developing workforce, and their dedication and plans towards affordable health care, stated Health Minister Ong Ye Kung.
To guarantee lower costs, the government intends to specify criteria in the tender documents, including the fixed-price model. It will also inflict restrictions on bill sizes, capping them at a certain percentile of the market.
The Singapore government is aiming to release a spot in the eastern portion of the island for a brand-new not-for-profit private acute medical facility, in what would be the first land release for exclusive healthcare facilities in nearly twenty years.
He released the plans on April 9 at an anniversary activity for Mount Alvernia Medical facility– presently the only not-for-profit exclusive acute medical facility in Singapore.
The suggested medical facility would definitely be able to place 300 to 400 beds, and offer more lower-cost exclusive healthcare alternatives, media reports quoted Ong as mentioning.
