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 assessed on qualitative criteria entailing their care model, expense performance, method to seeking and establishing manpower, and their dedication and plans towards affordable health care, claimed Health Minister Ong Ye Kung.

The Singapore authorities is wanting to release a site in the eastern section of the island for a new not-for-profit exclusive acute medical facility, in what would be the first land release for private hospitals in close to two decades.

To make sure lower costs, the government aims to stipulate guidelines in the tender documentations, including the fixed-price model. It will also enforce constraints on bill scales, capping them at a certain percentile of the market.

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The intended not-for-profit private healthcare facility will improve the authorities’ efforts to rein in personal medical care expenses and rising insurance fees.

Singapore’s last private health center land tender was operated in 2008. On the area, the 333-bed Mount Elizabeth Novena Healthcare facility started in 2012 at a price of $2 billion, of which about $1.25 billion had actually gone into the land procurement, The Straits Times reported.

“There are still a few important problems we need to deal with, and I wish we are able to resolve them and reach a judgment in the 2nd part of the year, to launch the tender,” he added.

He released the plans on April 9 at an anniversary occasion for Mount Alvernia Hospital– presently the only not-for-profit exclusive acute medical center in Singapore.

The recommended medical facility would definitely be able to house 300 to 400 beds, and provide even more lower-cost special healthcare options, media reports mentioned Ong as saying.