Singapore plans to launch fixed-price land tender for a proposed not-for-profit private hospital
The land is going to be given by using a fixed-price tender. Under this method, bidders will be reviewed on qualitative criteria entailing their care model, expense effectiveness, strategy to seeking and developing manpower, and their commitment and policies towards affordable healthcare, stated 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 exclusive acute medical facility in Singapore.
To make sure lower costs, the state aims to stipulate guidelines in the tender documentations, adding the fixed-price model. It will also enforce constraints on bill sizes, capping them at a particular percentile of the market.
The Singapore state is aiming to release a site in the eastern portion of the island for a new not-for-profit private acute healthcare facility, in what would certainly be the very first land release for private medical facilities in close to twenty years.
The planned not-for-profit private health center will build on the authorities’ initiatives to rein in private health care prices and climbing insurance costs.
Singapore’s last exclusive medical facility land tender was held in 2008. On the place, the 333-bed Mount Elizabeth Novena Healthcare facility opened in 2012 at a cost of $2 billion, of which about $1.25 billion had gone into the land purchase, The Straits Times reported.
“There are still a few important concerns we have to attend to, and I wish we are able to deal with them and come to a resolution in the second half of the year, to release the tender,” he added.
The proposed hospital would have the ability to house 300 to 400 beds, and deliver even more lower-cost special health care choices, media reports mentioned Ong as mentioning.
