Singapore plans to launch fixed-price land tender for a proposed not-for-profit private hospital
The proposed medical facility would definitely have the ability to place 300 to 400 beds, and deliver more lower-cost exclusive health care options, media reports mentioned Ong as mentioning.
The Singapore authorities is seeking to launch a spot in the eastern part of the island for a brand-new not-for-profit private acute health center, in what would certainly be the initial land release for private health centers in close to two decades.
“There are still a couple of important problems we have to attend to, and I hope we are able to deal with them and arrive at a resolution in the 2nd part of the year, to release the tender,” he included.
He publicized the plans on April 9 at an anniversary event for Mount Alvernia Medical facility– presently the only not-for-profit exclusive acute hospital in Singapore.
The land is going to be given through a fixed-price tender. Under this strategy, prospective buyers will be examined on qualitative criteria entailing their care model, cost efficiency, approach to recruiting and establishing workforce, and their commitment and plans towards affordable healthcare, claimed Health Minister Ong Ye Kung.
Singapore’s last exclusive healthcare facility land tender was operated in 2008. On the site, the 333-bed Mount Elizabeth Novena Health center opened up in 2012 at a price of $2 billion, of which about $1.25 billion had actually gone into the land acquisition, The Straits Times reported.
The planned not-for-profit exclusive health center will certainly build on the authorities’ initiatives to rein in personal health care costs and climbing insurance premiums.
To guarantee cheaper expenses, the administration aims to stipulate requirements in the tender documents, containing the fixed-price model. It will also inflict restrictions on bill sizes, covering them at a certain percentile of the market.
