Most expensive private hospital to open 2012

Parkway Novena Hospital, the S$2 billion centre being built by Parkway Pentai, is set to open in the second half of 2012. -AsiaOne

Tue, Oct 18, 2011
AsiaOne

Parkway Novena Hospital, Singapore’s most expensive private hospital to be built here in the last 30 years, is set to open in the second half of 2012.

The S$2 billion medical centre is Parkway Pantai’s most expensive investment in Singapore to date.

The Straits Times reported that it will feature 333 single-bed only wards and the latest medical equipment.

The hospital will focus on heart and vascular disease treatments, orthopaedics and neurosciences and offer general surgery.

It also received a pat-on-the-back for its eco-friendly features, in the form of the Green Mark Platinum certification received in-principle from the Singapore Building and Construction Authority.

It will be the first private hospital here to use fully paper-less, electronic system, a local news channel reported.

A ceremony to mark the hospital’s structural completion was held on Tuesday, with Minister of Health Gan Kim Yong gracing the event as its guest of honour.

Parkway Pantai Chairman Mohammed Azlan Hashim said the hospital will be the group’s “crown jewel,” and will compliment its network of hospitals.

Parkway Pantai also owns Gleneagles Hospital, Mount Elizabeth Hospital and Parkway East Hospital in Singapore.

He also added that he believes the hospital will be an important part of Singapore’s health-care eco-system.

Source: www.asiaone.com/Health/News/Story/A1Story20111018-305736.html

Click for Mount Elizabeth Novena Hospital Review

6 thoughts on “Parkway Novena – Most expensive private hospital to open 2012

  1. Parkway group’s winning bid of $1.25 billion was twice that of the second highest bid when the Novena land was open for auction. Of course it will be THE MOST EXPENSIVE. Guess who will pay for it eventually? Patients, of course. ; )

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  2. Parkway was very clever to use the Mount Elizabeth brand name for its new Novena hospital. But is it truly a new Mount Elizabeth or a Mount Elizabeth II ? I doubt it. Look, all the top medical specialists and surgeons who are doing well will stay put at the real Mount Elizabeth (and Gleneagles). Some of them might have bought units at the Novena hospital as an investment, but will probably simply rent them out to other doctors.

    So who are the doctors that will operate out of the new Novena hospital? I would speculate that these are the late comers to the scene. And quite a few who have yet to resign from restructured hospitals. So would I want to pay top dollars for seeing fresh young doctors who are thinking about their multi-million dollar clinic mortgage loan everytime a patient walks into their clinic?

    I also took a walk inside Novena Medical Center and Novena Specialist Centre last week. These two places were like ghost towns. Some clinics have yet to be occupied after so many years. Some clinics seemed to have closed down after being in operation for a while. There were plenty of GP clinics, dentists and aesthetic/botox clinics. (I counted 35 dentists in Novena Medical alone!) I covered 3 levels before I met another human walking along the corridors. It was all quiet in a strange way. Not the first place I would run to when I am seriously ill.

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  3. As a healthcare user from the finance sector, I’d say the new hospital is a welcome addition to the options available in the market. As much as Mount E in Orchard and Gleneagles are established hospital, it is good to have the alternative of new, top of the range facilities offered at Mt E Novena and where parking is aplenty and I don’t have to jostle with traffic from shoppers at Orchard.

    Nothing bad either with doctors who have recently moved from institutional practice at restructured hospitals, as they generally keep up to date with latest medical best practices and know how. The charges will be dictated by market forces, don’t see how patients could be any more susceptible compared to other private hospitals. The sale and rental prices at the new Mt E are still significantly cheaper than the old Mt E.

    In any case, if cost is the concern the restructured hospitals are very good value for patients.

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    • Andrew, I apologise if you felt I was unfair to new specialists entering private practice. My intended focus was on the clinic mortgage. And also how badly Parkway botched its marketing efforts in naming and promoting their Novena hospital. In fact, these very doctors striking out may be the unintended victims when the patient numbers fail to materialise, like those who have lost time and money at Novena Medical and Novena Specialist across the street.

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  4. I visited Mount Elizabeth Novena Hospital yesterday and must say that it is not fully ready. The list of doctors seemed pretty short and I understand many of them are not physically there. Walked across the street the Novena Medical Center only to find it similarly ghost-town-ish, except for one pediatric clinic which had patients (and their parents) spilling out into the walkway.

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  5. Review:

    Mount Elizabeth Novena Hospital ( aka Parkway Novena ) is a no go for me. The hospital business in Singapore is a very territorial one. Eg. Specialists in Gleneagles refer to other specialists only in Gleneagles. The reason is that doctors like to keep their patients near enough so that they keep coming back. The same reason Raffles Hospital do not normally refer their patients out to another hospital.

    So, back to Novena. Novena is not a medical hub. At least not for private patients. Far East created this myth when it built Novena Medical Center and Novena Specialist Center and selling tiny units for millions of dollars to ambitious doctors hoping to make it big. Now we all know these two places are big flops at best. If you need proof, simply check out clinics that were previously opened to great fanfare and are now shuttered or replaced by GP clinics.

    And Parkway bought into this myth at a sky high price. It built a Parkway hospital thinking all will come for the luxury and ultra modernity. If I want luxury I would go stay in a 5-star hotel. But when I am ill, I want to be near good specialists who do not take an arm and a leg off at billing time.

    I might rethink my opinion in 10 years, maybe that is how long a new hospital matures and becomes good or excellent. So in the meantime I will go back to good old Gleneagles and Mount Elizabeth at Orchard Road where there are a total of 1500 specialists combined. And many senior doctors there still charge reasonable fees, largely unchanged since the 1990s.

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