Singapore plans to launch fixed-price land tender for a proposed not-for-profit private hospital
The land will be presented through a fixed-price tender. Under this method, bidders will be evaluated on qualitative requirements including their care model, cost performance, approach to recruiting and creating workforce, and their dedication and policies towards affordable health care, stated Health Minister Ong Ye Kung.
The Singapore state is seeking to release a spot in the eastern section of the island for a brand-new not-for-profit exclusive acute hospital, in what would be the very first land launch for private medical facilities in close to two decades.
“There are still a couple of important concerns we need to deal with, and I hope we are able to resolve them and come to a resolution in the 2nd part of the year, to launch the tender,” he included.
To make certain cheaper prices, the state intends to stipulate criteria in the tender papers, adding the fixed-price model. It will also inflict constraints on bill sizes, topping them at a certain percentile of the market.
The suggested health center would have the ability to place 300 to 400 beds, and deliver even more lower-cost exclusive medical care choices, media reports mentioned Ong as stating.
Singapore’s last exclusive medical facility land tender was held in 2008. On the site, the 333-bed Mount Elizabeth Novena Healthcare facility established in 2012 at an expense of $2 billion, of which about $1.25 billion had gone into the land procurement, The Straits Times reported.
The prepared not-for-profit private medical facility will certainly build on the authorities’ initiatives to rein in personal medical care expenses and rising insurance costs.
He disclosed the plans on April 9 at an anniversary event for Mount Alvernia Hospital– currently the only not-for-profit private acute medical facility in Singapore.
