Business is not a bed of roses for private hospitals - News Summed Up

Business is not a bed of roses for private hospitals


WE regularly hear complaints about overcharging by private hospitals, the latest being “Private hospital investigated for increasing price of masks” (The Star, May 15; online at https://bit.ly/36el1P2). A significant part of private hospital revenues go towards capital expenditure and maintenance of the facility. There is no hospital fee but there are other categories of charges such as consumables, room rate, lab fees and pharmaceuticals. As there is no specific hospital fee, unlike in some countries, the income the private hospital generates will be largely from the percentage of mark-ups on items listed within the various categories. It’s more complex for private hospitals now with a price control mechanism for some items, as the recent complaint on the price of the mask suggests.


Source: The Star May 20, 2020 00:45 UTC



Loading...
Loading...
  

Loading...