Healthcare

Prudential Singapore rolls out cashless medical service at two private hospitals

SINGAPORE (Nov 5): Prudential Singapore has rolled out a service allowing its customers to receive cashless medical services when seeking treatment from participating specialists at Raffles Hospital and Mount Alvernia Hospital.

Capped at $30,000, the feature and will be available to Singaporeans and Permanent Residents holding the PRUExtra Premier policy, a private hospital integrated shield plan rider.

SPH to invest $50 mil in new investment fund for aged care, healthcare assets

SINGAPORE (Oct 16): Singapore Press Holdings, via its wholly-owned subsidiary, SPH JPAM, has entered into a strategic partnership with asset managers Bridge C Capital Inc to set up an investment fund focused on investing in aged care and healthcare assets.

The partnership will see SPH invest seed equity of up to $50 million into the fund, while Bridge C will be the asset manager for the properties in Japan acquired by the fund, focusing on marketing, deal sourcing, and management expertise.

Hazy skies have little impact on healthcare providers, says CGS-CIMB

SINGAPORE (Sept 25): The ongoing haze has little impact on healthcare providers in terms of revenue or share price, but prolonged haze conditions showed an increase in admissions to private hospitals, an analysis by CGS-CIMB Research has found.

“Our correlation analysis suggests that share prices of healthcare companies under our coverage, Raffles Medical Group (RFMD) and IHH Healthcare, have very weak associations with PSI readings; there were also negative correlation coefficients over certain periods,” says analyst Ngoh Yi Sin in a Tuesday report.

Singapore's billion-dollar headache

SINGAPORE (Sept 18): How much does a migraine cost? The type of throbbing headaches cost Singapore some $1.04 billion last year, according to new research released Wednesday by the DUKE-NUS Medical School and Novartis.

A whopping 80% of that cost came from a loss of productivity due to missed workdays or impacts on capacity to carry out daily jobs, while the remainder was from medical tests and consultations.

The study took in responses from 606 migraine patients in Singapore and found that, on average, respondents missed 9.8 days of work a year due to migraine.

UK start-up builder says one in two young Singaporeans want to be an entrepreneur

SINGAPORE (Aug 19): Days after a survey by the World Economic Forum suggests that scarcely any youthful Singaporean wants to be an entrepreneur, another study seems to suggest otherwise.

A new survey by UK start-up builder Entrepreneur First found that one in two young Singaporeans say they are likely to set up their own company. This is mostly aligned to the youth in the UK, France and Germany, but far behind India, which saw 81.7% of its youth interested in entrepreneurship.

Investing in the ageing population theme

(Aug 12): The world population is getting older, with the number of aged persons growing faster than any other age group. This huge demographic shift is creating greater demand for certain goods and services, which presents investing opportunities for those who want to ride this megatrend.

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Staying healthy for longer the most 'cost-effective healthcare system', experts say

SINGAPORE (July 26): Singapore has the highest life expectancy among Organisation for Economic Co-operation and Development countries, with average life expectancy increasing from 76.1 years in 1990 to 84.8 years in 2017. But more than a decade of that extended lifespan is likely to be spent in poor health.

Improving quality of life

Singaporeans are living longer but not necessarily healthier, and that has implications for the state and economy. There are ways, however, for policymakers to incentivise good health.

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Prevention more critical as Singaporeans live longer with chronic diseases: Prudential

SINGAPORE (July 23): Eight in 10 medical practitioners say Singapore’s healthcare system should focus more on disease prevention as Singaporeans live longer and are predisposed to chronic diseases at an earlier age.

In addition, nearly half or 49% of the 200 practitioners surveyed noted that Singaporeans will find it harder to cope with health-related expenses, as more of them manage more than one chronic disease. These included dementia, heart problems, osteoporosis, diabetes and cancer.

Urgent call to shape equitable future through collaboration

SINGAPORE (July 1): What if we could build a global economy that runs on neither self-interest nor altruism? With climate change and inequality the greatest threats to humanity in the years to come, urgent action and collaboration are needed to construct an equitable and sustainable future. The way to get there could lie in the experience of the war-torn region of Mindanao in the Philippines.

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