Grant, Transfer and Capital Injection Flows Into and Out of MOH Holdings
Ministry of HealthSpeakers
Summary
This question concerns the role and financial transparency of MOH Holdings Pte Ltd (MOHH) within Singapore's public healthcare system. MP Leong Mun Wai inquired about the accounting of grants to MOHH, its financial performance, and why its reports are not submitted to Parliament. Minister for Health Ong Ye Kung explained that MOHH is a government-owned, not-for-profit holding company providing shared services like IT, infrastructure, and manpower to healthcare institutions. He stated that all government grants to MOHH are accounted for in the Government Financial Statements presented to Parliament. Finally, the Minister noted that audited financial statements for MOHH and its institutions are publicly available through the Accounting and Corporate Regulatory Authority.
Transcript
23 Mr Leong Mun Wai asked the Minister for Health (a) what role does MOH Holdings Pte Ltd (MOHH) play in the healthcare system; (b) how does the Ministry account for grants, transfers and capital injections to and from MOHH; (c) why are the financial reports of MOHH not submitted to Parliament; and (d) what are the assets, revenues, costs and accumulated profits or losses of MOHH in the last five financial years.
Mr Ong Ye Kung: Our public healthcare institutions, including the three key clusters of SingHealth, National Health Group and National University Hospital, are structured as companies for autonomy and flexibility in operations. MOH Holdings Pte Ltd (MOHH) is the 100%-Government owned holding company for these public healthcare institutions.
In addition, MOHH supports the public healthcare institutions through key functions such as IT services, infrastructure development, service integration and manpower and leadership development, and internal audit. To do so, it also held companies such as Integrated Health Information Systems and Agency for Integrated Care that provide services to the public health institutions.
MOHH is not-for-profit. It recovers cost from the public institutions for the services it provides, with MOH funding the rest of its expenditure. The accounts of the public healthcare institutions it supports are published. All grants to MOHH from MOH are accounted for in the Government Financial Statements submitted to Parliament. Members of the public can obtain MOHH’s full audited financial reports, as well as that of the public healthcare institutions it supports, from Accounting and Corporate Regulatory Authority.