Channel NewsAsiaA Channel NewsAsia Insider article, produced in partnership with Ministry of Health, Singapore (MOH), featured several profiles from National University Health System (NUHS) who explained how healthcare institutions are managing rising healthcare costs.
Ms Wong Soo Min, Group Chief Financial Officer, NUHS, said labour cost forms 60 per cent of healthcare delivery costs, with the rest being drugs, consumables and IT-related costs. She showed how a smart bed at Alexandra Hospital (AH) helps boost efficiency and allows better use of manpower.
Dr Chua Wei Liang, Head and Senior Consultant, Division of Adult Reconstruction and Joint Replacement Surgery, Department of Orthopaedic Surgery, National University Hospital (NUH), said knee replacement is one of the most common surgeries in NUH and AH, with more than 1,000 cases annually. He said lifestyle expectations and medical advancements have increased demand for such surgery and reduced patients’ hospital stay. Improvements in knee implants have also increased the cost of such surgery. His patient, Madam Hariati Binte Abdul Muhin, 51, had to undergo a partial knee replacement surgery when she was in her late 40s.
Adj A/Prof Jeremy Lim from NUS Saw Swee Hock School of Public Health said a rapidly ageing population in Singapore imposes a heavy burden on the healthcare system. He explained how free healthcare will lead to overconsumption and why healthcare financing cannot be entirely dependent on private insurance.
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