SINGAPORE (March 31): At least one observer has held up Singapore’s healthcare system as a model for the developed world. But the system is not without its own issues.

Government data shows that healthcare costs have gone up considerably over the past decade, even as the country positioned itself as a regional hub for medical tourism. The country’s ageing population will put further pressure on the system.

Some industry practitioners believe the answer may lie in corporatisation. Family doctors and specialists in private practice are coming together to form corporate groups, purportedly to drive efficiencies up and costs down.

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