Why Singapore hospitals became less profitable in 2011

Expenditures are accumulating faster than receipts resulting in lower operating surplus.

According to the latest data from Statistics Singapore, the profitability ratio of overall health services -- defined as the ratio of operating surplus to operating receipts -- was 10.6 per cent in 2011, lower than the 11.2 per cent registered in 2010.

"The drop in profitability ratio was mainly attributed to lower operating surplus recorded by hospitals. Within the industry, western clinics registered the highest profitability ratio of 22.3 per cent in 2011," added StatSing.

In fact, taken as a whole. the Siingapore health services industry is racking up expenditures faster than it is earning receipts. Total operating receipts generated by the health services industry was $9,646 million in 2011, 8.0 per cent higher than the $8,931 million collected in 2010. Within the industry, all groups, namely hospitals, western clinics, non-western clinics, dental services and other medical services recorded growth. On a per establishment basis, operating receipts rose 1.9 per cent to $2.2 million in 2011.

Meanwhile, total operating expenditure was $9,068 million in 2011, an increase of 8.8 per cent over the previous year’s total of $8,337 million. Operating expenditure per establishment went up 2.6 per cent to $2.1 million in 2011. Total operating surplus grew by 2.2 per cent from $1,000 million in 2010 to $1,022 million in 2011.

Given these values, the operating surplus per establishment decreased 3.6 per cent to $233,200 in 2011. Total value added of the health services industry amounted to $5,384 million in 2011, representing an increase of 9.1 per cent compared to 2010. All groups in the industry registered higher value added in 2011. On a per establishment basis, value added rose 2.9 per cent to $1.2 million in 2011.

Total value added of the health services industry amounted to $5,384 million in 2011, StatSing also revealed, representing an increase of 9.1 per cent compared to 2010. All groups in the industry registered higher value added in 2011. On a per establishment basis, value added rose 2.9 per cent to $1.2 million in 2011.

You're the reader we write for. You're also the person our partners want to reach.

If that sentence describes you — a founder, a C-suite, someone whose attention companies pay good money for — then you already understand why SBR works. We've spent twenty years earning the trust of readers exactly like you. Which is exactly what makes this an interesting place for your company to show up, too.

The ways it can show up are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The right fit depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If your company has something this audience should know about, we'd like to hear what you're working on.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

30 One-Sentence Stories From People Who Have Built Better Habits

None of these stories are mine. They were sent to me by readers of Atomic Habits. My hope is that these examples will illustrate how real people are putting the book into practice. They will show you what people are actually doing to build good habits and break bad ones. And hopefully, they will spark some ideas for how you can do the same.

news conversion

SBR 5 Lorem Ipsum News 2 [8 May]

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

SBR 4 Lorem Ipsum [8 May Top Stories]