...project focuses on how the Singapore government helps its citizens to pay for their healthcare needs. The primary policy that will be discussed will be the Ministry of Health’s 3M framework and a policy analysis will be conducted based on it. A brief introduction of the development of this policy will be provided followed by an evaluation of the policy and recommendations on how to improve the policy. The report will be concluded with a discussion on the impacts that the policy brings about. 1.2 Background Public health care is an emotive issue that remains a major concern of the public in our country. With the rising costs of financing public healthcare systems and the pressing aging problem issue, how our government finances our public health care systems becomes a major issue and debate within our public sector. Hence, I have decided to study on the Singapore’s Ministry of Health and how it plans to help Singaporeans to finance for their health care in a framework known as the “3M Framework”. This was also specially mentioned in the Budget 2008 announced recently and I will also discuss about changes to this framework in the report. 1.3 Objectives This project aims to study the effectiveness of the 3M framework as a financial means to help Singaporeans finance for their healthcare. 1.4 Scope This project will cover a brief history of the Ministry of Health and the 3M framework as well as the framework’s role in Singapore’s public healthcare policy. 1.5 Methodology ...
Words: 3003 - Pages: 13
...Executive summary This report draws attention to the current remedies used by Raffles Medical Group (RMG) to deal with obesity – standard consultations and surgical treatments – and how they are ineffective as the obesity is still prevalent in Singapore. This report also provides recommendations to improve the existing remedies in RMG to curb adiposity in Singapore. The recommendations are: creating a weight management package and instilling a more empathetic approach in their treatments. The report includes the benefits of these recommendations to RMG. The benefits include allowing RMG to gain a better reputation in Singapore healthcare system, and attracting more obese patients to seek treatment in their hospital thereby leading to increased revenue. Introduction Rising obesity rates have posed a huge problem in Singapore, as obesity brings about severe health detriments. One viable method to prevent obesity is when people manage their weight effectively, through means such as controlling their calories intake and exercising (Goh & Pang, 2012). Such efforts, however, are hindered by the external factors of obesity such as lower prices of unhealthy food (Tomer, n.d). This is further aggravated by the bad behavioral patterns of individuals due to their low endowments of personal and health capital as depicted by Tomer (n.d). According to Tomer, “[Personal capital]…reflects the quality of an individual’s psychological, physical, and spiritual functioning” while...
Words: 2229 - Pages: 9
...Singapore’s Healthcare System Singapore is an island country located in Southeast Asia, between Indonesia and Malaysia with a population of 5.3 million. Recognized and praised for their electrical manufacturing industry, finance and healthcare, Singapore was named the third wealthiest nation in the world by Forbes Magazine for 2012. Singapore has established and received acclaim for a remarkable healthcare system. With government intervention, private sectors and programs that promote healthy living and prevention for citizens, Singapore’s Healthcare System has set a standard and model for the world to rival. While Singapore’s population is only 5.3 million people, a small country compared to others, citizens have a longer life expectancy, on average 84 years. In Mercer’s 2011 Quality of Life survey, Singapore placed 25th in the world. In determining quality of life rankings, focus is brought to political and social environment, housing, education, health and sanitation. There are three government branches that govern Singapore’s healthcare system, Minister of Health (MOH), which promotes health education and prevention, monitors accessibility and the quality of healthcare services. Second, Central Provident Fund (CPF) is responsible for Singapore’s social security savings plan. CPF safeguards working Singaporeans in their retirement, making sure they are able to sustain themselves after retirement. Workers are required to make contributions into three separate...
Words: 1448 - Pages: 6
...Kinder International Healthcare Consultancy Pvt. Ltd. KIHC Service Provision in Management Consultancy NABH accreditation consultancy Develop SOPs, Policies, manuals etc. Organization assessment audit Business process re-engineering Operational and Retainer Management Consulting Hospital Setting up - Women and Children Care o Conceptualization o Designing and Implementation o Staff Recruitment o Commissioning Kinder IVF o Centre design and setting up o Kinder IVF Protocols o Staff Recruitment o Quality Management NABH accreditation consultancy We are continually seeking ways of improving our services to our valued customers in all business processes by expanding our overall service and now with the addition of “Quality Consultancy Service”. We guarantee quality assurance of an organization by ensuring that the structure, processes and outcomes of the organization are commensurate to the needs of the national and international accreditation norms. Our strength is systematic and working approach of which each steps is bounded by a predefined time scheduled time frame systematic working approach with high level of quality outcome. frame. As a result achievement of the accreditation within a guided by Page 1 of 4 To help the clients to achieve Quality Accreditations as a bi‐product of improvements in service quality, KIHC provide following scope of services: Perform initial Assessment of existing policies, standard operating procedures, processes and infrastructure...
Words: 912 - Pages: 4
...WRIT001: Academic Writing (Business Research Track) AY2012/2013, Term 2 Title of Essay Assignment 3: Business Report by Name: Nguyen Huy Phuc Student identification number: G0671469U Group No. G6 Course Instructor: Professor Dawn I declare that this Assignment is my original work and all information obtained from other sources has been cited accordingly. 1800 16% Signature Assignment Word Count (words) Turnitin Similarity Index (%) 06/04/2013 Date April 4 Application of exergames and technology-‐based weight loss intervention in reducing obesity among Great Eastern’s employees and increasing other benefits To Board of Directors Human Resources Manager Marketing Director Nguyen Huy Phuc Table of Contents Introduction ...................................................................
Words: 3018 - Pages: 13
...Marketing Strategy MKT306 Assignment July 2010 University of Sunderland, UK Joey Kwan Lay Kuan Student ID: 089111572 Table of Content Assignment Questions 1 Abbreviations Report 1.0 Executive Summary 2 3 4 2.0 Terms of Reference 3.0 Corporate Objective 4.0 Situational Analysis 4.1 Industry Analysis 4.2 SWOT Analysis 4.3 Competitive Advantage and Core Competencies 5.0 Recommendations 5.1 Segmentation Targeting and Positioning 5.2 Marketing Objectives and Goals 5.3 Marketing Strategies and Programmes 5.3.1 Product 5.3.2 Pricing 5.3.3 Place 5.3.4 Promotion 6.0 Conclusion Reference Appendix 5 7 8 9 11 12 14 15 19 20 21 22 23 25 33 34 41 MKT306 Marketing Strategy Assignment Questions This is an individual assignment as a single report in two parts. 1. Investigation and analysis Choose an individual brand or product line from either the producer and/or brand owner, who are involved in the marketing of an oral hygiene product or products. Investigate and evaluate their marketing strategy using contemporary marketing tools and techniques however this may be illuminated using examples from other companies /organisations. You can demonstrate the effectiveness of the reported policies for the chosen company by giving performance data against competitors in the market (e.g. market share, sales, profitability, etc.). 2. Recommendations Your remit is to put forward your own suggestions covering changes in marketing strategy that will improve the future performance...
Words: 6919 - Pages: 28
...misguided attempt prevent panic, the Chinese government failed to inform the World Health Organization of the initial outbreak for nearly four months. Subsequently the virus was contracted by 8098 people between November 2002 and June 2003. 774 of these cases proved fatal worldwide. (Trivedi, 2013) The 3 primary factors that enabled SARS to spread so far and so fast were a lack of early reporting by Chinese officials, lack its high virulence, and international flight paths. Early awareness of SARS was severely by attempts at secrecy within the Chinese government in an attempt to prevent panic. This secrecy delayed awareness reaching both the WHO and healthcare staff, who were unaware of SARS virulence and potency. As mentioned, the SARS outbreak originated in the Guangdong Province in China. SARS was easily spread to healthcare staff who in-turn infected their friends, family, colleagues, and other patients. Also, family members would sick patients, and then transport the virus back out into the community. This scenario played out repeatedly whenever a SARS carrier reached a new population, and was especially destructive in Hong Kong, which had at least two different people import the virus directly from Guangdong. (Tsang & Ho, 2003) One of the chief catalysts for the 2003 outbreak was a doctor from Guangdong Province, who contracted SARS in the...
Words: 1807 - Pages: 8
...response to your request, the following is the company profile of Biosensors International Group Ltd (Biosensors). We will be looking into the nature of Biosensors’ operations, sector and regulatory environment in which it operates in, and other external factors currently affecting the its business. Biosensors operates as an investment holding company which develops, manufactures and markets medical devices internationally, with China and Japan as its key customers. It is incorporated in Bermuda and headquartered in Singapore. On top of that, it also has representative offices in Indonesia, Hong Kong, Taiwan and Korea. Biosensors’ main sources of income are from its operations in China (26.8%) and licensing businesses (9%). The Group operates in 4 main segments, namely, interventional cardiology, critical care, cardiac diagnostic and licensing revenue. With a matured market for medical devices, Biosensors faces fierce competition and pricing pressures in the healthcare sector globally. Over the years, Biosensors had several joint ventures in China. It made Biosensors the strongest foreign player amongst Medtronic, Boston Scientific and other multinational competitors in the medical devices industry (Biodesign.stanford.edu, 2012). To keep ahead of the competition, Biosensors invested US$34 million in its research and development for its latest development...
Words: 708 - Pages: 3
...How Fair is Your Healthcare? Have you ever wondered what it would be like to live outside of America? Things would certainly be different, but one big aspect would be healthcare. Would it be better somewhere else? Maybe even cheaper? The United States spends so much money towards healthcare, but is it worth it? And could we do anything to make it more efficient? How much would you guess the United States spends on healthcare per person every year? I bet your guess was not over $8,000. The U.S. spends $8,233 on healthcare per person annually. (PBS.org) Our country spends by far more on healthcare than any other country besides Switzerland. (photius.com) This amount is more than two-and-a-half times more than most developed nations spend on healthcare. (PBS.org) But why? Is our healthcare the best in the world? The answer is no. In 2010, the World Healthcare Organization ranked the U.S. at 37, falling fifteen spots behind Columbia and just beating Slovenia and Cuba. (PBS.org) PBS News interviewed Mark Pearson, head of Division on Health Policy at the Organization for Economic Co-operation and Development (OECD) – an international economic group comprised of 34 member nations. Pearson talks about looking across a broad range of services, medical and surgical. He says the average price in the U.S. is about 85% higher than the average of all other OECD countries. (PBS.org) The average hospital stay in the U.S. costs about $18,000. The countries that came closest to spending as...
Words: 991 - Pages: 4
...Medical Tourism Medical Tourism Introduction Medical tourism is the act of traveling to other countries to obtain medical, dental or cosmetic care. Medical tourism is a new term but thousands of years old act. People have been traveling across the continents in search of cures for any imaginable illnesses and making therapeutic trips for health wellness. In ancient Greece, pilgrims and patients came from all over the Mediterranean to the sanctuary of the healing god, Asklepios at Epidaurus, and from the 18th century wealthy Europeans have been traveling to spas from Germany to the Nile. In recent years, medical tourism is becoming more popular with patients seeking treatment for health and well-being purposes abroad. Medical Tourism is also known as Medical Travel, Health Tourism, Surgical Tourism, Health Travel, Treatment Abroad, Surgeries Abroad, and Medical Outsourcing. Medical Tourism Concerns Though many are eager to be the right pieces in the puzzle, many are still struggling to get the right fit. There are a number of concerns and risk factors for patients getting treatment much less seeking them abroad. Some concerns for patients include a consistent quality of care, lack of extensive dialog between the patient and the doctor, lack of post-op follow up, cultural differences and difficulty in obtaining sufficient insurance coverage. In order to mitigate the risk, it’s essential that the patient works with well reputed facilitators. Medical Tourism Accreditation ...
Words: 16185 - Pages: 65
...DISCLAIMER The information contained in this report is given in good faith and was derived from sources believed to be reliable and accurate. The report was prepared by students as a required component of their academic assessment. The reader should not act on the basis of any information or recommendations contained in the report without seeking specific advice from the firm's professional advisers. While due care has been taken in the preparation of this document, Murdoch University together with its academic supervisors and students accepts no responsibility for errors or omissions, nor do they guarantee its accuracy. OFFICE USE ONLY Submission date OFFICE USE ONLY Submission date ASSIGNMENT COVER SHEET (INDIVIDUAL OR GROUP) Please complete and attach this form to your assignment. All assignments must be submitted to lecturer on the stipulated submission date. Name | LIANG TIANSHU JOEL, GOH WEI SIONG, LEE WEI TECK BRANDON, CHENSON ANG, LIM MING YAO | | Unit Code | BUS323 | Unit Name | INTERNATIONAL MANAGEMENT | Class Code | PT-BUS323D | Local Lecturer’s name | DR. JUERGEN RUDOLPH | Assignment No. (i.e. 1,2,3) or ‘short answer’ | MAJOR PROJECT | Your assignment should meet the following requirements. Please confirm this by ticking the boxes before submitting your assignment √ My assignment is double-spaced and clearly legible √ My assignment is written on one side of page only √ I have provided a wide margin...
Words: 12161 - Pages: 49
...1. Executive Summary The purpose of this report is to better understand the current marketing position of the toothpaste brand Sensodyne. The toothpaste market in Singapore increased at a compound annual growth rate of 3.6% between the year 2004 and 2009 (Research and Markets, 2014). Oral care saw value growth of 3% to generate sales of S$99 million in 2013 (Oral care in Singapore, 2014). Consumers have a higher knowledge of the importance of oral health and are more conscious about their physical appearance. We will be carrying out an analysis and market research on our company, GlaxoSmithKline (GSK), current market position, competitors, our target market, marketing environment as well as our products At the end of the report, implementation of new marketing strategies will be suggested to boost the brand awareness and increase the market shares of the firms in the toothpaste industry. 2. Introduction Sensodyne is the world’s number 1 sensitivity toothpaste brand, recommended by dentists across the world. Sensodyne offers a range of products specifically formulated for the care and treatment of sensitive teeth. Sensodyne toothpastes work to relieve tooth sensitivity and provide lasting daily protection, when used as directed (Sensodyne, 2014). Sensodyne is brand under a company called GlaxoSmithKline (GSK, 2014). GSK is one of the most popular research-based healthcare and pharmaceutical company in the world. They operate in more than 150 countries and a network...
Words: 291 - Pages: 2
...Accounting Theory Market Efficiency Project Report 1.0 Objective An analysis of the 30 components in the Straits Times Index (STI) is conducted to ascertain whether the Singapore stock market is weak-form efficient. If the hypothesis holds, the stock prices should reflect all available information in historical prices. In order words, it is expected that the stock returns would demonstrate unpredictability and follow random walk given an efficient market. 2.0 Methodology The data used for this analysis are the stock prices of the 30 components in STI for the period of 1 Jan 2001 to 31 Dec 2012 extractedfrom Yahoo Finance. For each stock, the daily, weekly and monthly stock returns are calculated. Weekly returns are derivedfrom the closing price on each Friday, while monthly returns are based on the closing price at each month-end. The STI is a capitalization weighted stock market index that tracks the performance of the top 30 companies listed on the Singapore Exchange. As such, the composition of STI is not fixed. As at Feb 2013, subject to availability of data from Yahoo Finance, it is observed that majority of the 30 stocks on STI have been included since Year 2000, while some are included in the period of Year 2004 to 2010. However, one of the current components of STI—IHH Healthcare Berhad—was only included on 26 Jul 2012 which is less than a year as of analysis date. Considering that a big portion of this analysis focuses on the comparison between the 30 stocks...
Words: 3289 - Pages: 14
...companies such as ExxonMobil to explore oil fields in Malaysia. The importance of the industry in Malaysia is so significant that 45% of the government’s federal budget relies on PETRONAS dividend. As at 3rd September 2013, Malaysia has 4 billion barrels of oil barrels which is 24th of the world while having 83 trillion cubic feet of natural gas reserves is 15th largest natural gas reserve of the world[2]. Malaysia has an unemployment rate averaging to 3% within 2005-2013. Highest during 2009 which is post financial crisis at the unemployment rate of 3.7% and since then the rate has been lowered. For year 2013, the unemployment rate of Malaysia is 3.2% which is the 6th position among the 10 South East Asia countries, being just behind of Singapore at 3.1% and followed by Myanmar at 3.5% [3]. Inflation rate for Malaysia recorded during May 2014 was 3.4%. Inflation rate for Malaysia was around 2.0% back then until end of 2013 with a sudden hike from 1.9% in Sept 2013 to 2.6% in Oct 2013. This...
Words: 5082 - Pages: 21
...and other forms of specialized treatment. Medical or Health tourism has become a common form of vacationing, and covers a broad spectrum of medical services. It mixes leisure, fun and relaxation together with wellness and healthcare. The global health care industry is valued at $ 2.8 tn. The market for health tourism is estimated to be $67 bn, growing at a rate 20% per annum. It can be divided into three broad segments: 1. Surgeries like orthopedic surgery, heart by-pass surgery, cancer therapy, eye surgery, organ transplantation. 2. Plastic surgery or cosmetic surgery. 3. Health spas, weight loss exercise centers, hot springs and holistic treatment including wellness therapies. Different countries have become preferred destination in each of these segments for medical tourist. India is a preferred destination for heart, orthopedic, eye and neurosurgeries. Eye surgery kidney dialysis and organ transplantation are among the most common treatments sought by medical tourist in Thailand and according to the Health Ministry, in 2004 the country attracted 600,000 medical tourists, who generated 20 billion baht in revenue. As a result, Asia’s medical tourism industry could generate over US$4.4 billion a year by 2012, with India, Thailand, Singapore, Malaysia and South Korea the top destinations. Tourist arrivals from the United Arab Emirates (UAE) in Malaysia alone totalled 29,606 in 2005, an increase of almost 40 per cent from the figure in 2004.Tourists from the...
Words: 2418 - Pages: 10
