The Ministry of Health (MOH) intends to introduce a new not-for-profit private acute hospital model, with private healthcare operators here invited to participate in an industry consultation for such a model.
“The new not-for-profit private acute hospital model is meant to provide more options for Singaporeans who wish to seek care in the private healthcare sector,” MOH said in a media statement on Jan 8.
It pointed to a need to increase Singapore’s acute hospital bed capacity in both the public and private healthcare sectors, amid rising demand for healthcare services due to the country’s ageing population.
Under the new model, profits are not distributed to shareholders and are instead reinvested in the hospital, or used for charitable and other not-for-profit activities.
The model also aims to provide patients with appropriate and affordable care – with an emphasis on cost-efficiency and value – as well as focus mainly on serving Singapore residents, in addition to providing some subsidised acute bed capacity.
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