Author: Raymond Ng is the CEO & Country Manager, Cigna Healthcare Singapore & Australia.
In the face of inflationary pressure and an unprecedented demand for health services, Singapore's healthcare costs have surged dramatically. This escalation is pressing the government and healthcare industry to innovate and rethink the traditional approaches to medical care, setting the stage for transformative changes in how health services are delivered and accessed.
In Singapore, government spending on healthcare between 2012 and 2022 tripled from about $3 billion to $10 billion, and is projected to hit S$27 billion in 20301 . At the same time, while Singapore has one of the most advanced healthcare systems in the world, certain demographics, including the elderly and those with mobility limitations, still encounter significant challenges in accessing and affording quality healthcare services.
Read full article: Healthcare at your Fingertips: The Future of Health is Virtual
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