Singapore is known for its excellent healthcare system, but the country is currently facing a special healthcare dilemma. Healthcare spending is running up quickly and could soon be the largest expenditure component for the Government, reaching nearly $30 billion a year, said the Health Minister of Singapore recently.
In 2025, Singapore will dedicate $20.9 billion to healthcare, after defence spending of $23.4 billion. To give an idea, by 2030, healthcare spending is expected to quadruple from just $9 billion in 2015. Such a dramatic rise is traceable to a blend of factors: the elderly population is growing, the increased need for medical care is in response, and the escalating cost of delivering excellent healthcare is also a factor.
A primary cause of the increase is the aging population; the number of people who are above 65 and older living in poverty is on the rise. The older population is not just more liable to disease, but also spends a long time in the hospital. The minister explained that many elderly patients, post-COVID-19, are facing infections that can rapidly escalate into severe situations. This has caused an uplift in the average time patients spend in hospital by 15%, up from 6.1 days back in 2019, to seven days by 2022.
To meet this increasing demand, the Government is to provide substantial investment in expanding healthcare infrastructure. New hospitals, nursing homes, and community care centres are already planned. A huge chunk of the budget is also dedicated to the workforce, to make sure that there are sufficient doctors, nurses, and healthcare support staff on the ground to handle the increased patient volume.
As per the Minister, to ensure that healthcare can once more remain affordable for all, a sizable amount of the budget must continue to be allocated to patient subsidies. There is no compromise on affordability as overall expenditure rises.
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But the question remains: Are we ready?
The data provide a negative impression. The infrastructure can be constructed and the funds made available, but the problem is staff. Healthcare is a people-driven sector. Nothing’s more useful than facilities without the expertise to operate them. In an age of increasing demand, guaranteeing a consistent and satisfactory supply of qualified healthcare staff will be crucial.
This is where Dynamic Healthstaff steps in.
As a top healthcare staffing agency, Dynamic Healthstaff knows how to fill the talent gap. We are aware of the pressing requirement for well-trained, dedicated healthcare professionals with the potential to meet the challenges of Singapore’s transforming healthcare settings.
With our worldwide competitiveness and extensive industry knowledge, we assist hospitals, nursing facilities, and community care facilities in recruiting the relevant talent, like physicians, nurses, and allied healthcare professionals.
We don’t just hire, we partner with healthcare organizations to build strong, forward-thinking workforces. We promise to enable Singapore to manage the upcoming challenges of 2030 and to excel and deliver world-class healthcare.
As part of the solution, Dynamic Healthstaff is proud to be the workforce provider that keeps Singapore’s healthcare system strong, sustainable, and future-ready. If you are seeking to hire top-notch talent for your team, contact us today at +919810017608 or enquiry@dynamichealthstaff.com, and we’ll assist you!
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