Singapore plans to launch fixed-price land tender for a proposed not-for-profit private hospital
To guarantee lesser costs, the administration aims to state requirements in the tender documentations, containing the fixed-price model. It will also inflict restrictions on bill sizes, covering them at a certain percentile of the market.
The Singapore authorities is wanting to launch a site in the eastern part of the island for a brand-new not-for-profit exclusive acute medical facility, in what would be the very first land launch for exclusive medical facilities in almost two decades.
The recommended medical facility would definitely be able to place 300 to 400 beds, and offer even more lower-cost exclusive health care choices, media reports mentioned Ong as mentioning.
Singapore’s last exclusive health center land tender was held in 2008. On the site, the 333-bed Mount Elizabeth Novena Healthcare facility opened in 2012 at an expense of $2 billion, of which about $1.25 billion had gone into the land procurement, The Straits Times reported.
“There are still a few important concerns we have to deal with, and I hope we are able to address them and come to a judgment in the 2nd part of the year, to release the tender,” he included.
The land will be given by using a fixed-price tender. Under this method, prospective buyers will be reviewed on qualitative criteria including their care model, expense performance, approach to seeking and creating manpower, and their dedication and plans towards affordable health care, claimed Health Minister Ong Ye Kung.
The planned not-for-profit private medical facility will certainly build on the authorities’ efforts to rein in exclusive healthcare expenses and climbing insurance premiums.
He announced the plans on April 9 at an anniversary event for Mount Alvernia Hospital– presently the only not-for-profit exclusive acute medical center in Singapore.
