Singapore plans to launch fixed-price land tender for a proposed not-for-profit private hospital

The proposed medical facility would definitely be able to place 300 to 400 beds, and provide more lower-cost exclusive medical care alternatives, media reports quoted Ong as stating.

The Singapore government is wanting to release a spot in the eastern section of the island for a new not-for-profit private acute hospital, in what would certainly be the initial land release for exclusive medical facilities in nearly two decades.

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The planned not-for-profit exclusive health center will certainly build on the authorities’ efforts to rein in personal medical care expenses and increasing insurance premiums.

Singapore’s last exclusive hospital land tender was operated in 2008. On the site, the 333-bed Mount Elizabeth Novena Health center started 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 occasion for Mount Alvernia Hospital– currently the only not-for-profit private acute medical center in Singapore.

“There are still a couple of essential concerns we have to resolve, and I hope we are able to resolve them and get to a decision in the 2nd part of the year, to release the tender,” he added.

The land is going to be offered via a fixed-price tender. Under this technique, prospective buyers will certainly be assessed on qualitative criteria entailing their care model, cost performance, method to recruiting and establishing manpower, and their commitment and policies towards affordable medical care, stated Health Minister Ong Ye Kung.

To ensure cheaper expenses, the administration intends to specify guidelines in the tender files, including the fixed-price model. It will also enforce restrictions on bill scales, capping them at a certain percentile of the market.