Grant, Transfer and Capital Injection Flows Into and Out of MOH Holdings

Debated in Parliament on 7 Feb 2023.

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MOH Holdings (MOHH) is a 100% government-owned holding company that provides operational support and services to public healthcare institutions like SingHealth, NHG, and NUH.
Grants, transfers, and capital injections to and from MOHH are accounted for in the Government Financial Statements submitted to Parliament.
MOHH’s financial reports are audited and publicly available through the Accounting and Corporate Regulatory Authority, though they are not directly submitted to Parliament.
MOHH operates on a not-for-profit basis, recovering costs from public institutions with the Ministry of Health funding the remaining expenditure.
The assets, revenues, costs, and accumulated profits or losses of MOHH for the last five financial years are disclosed in its publicly accessible audited financial reports.

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Leong Mun Wai

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.

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.

Summary written by AI (learn more)

MOH Holdings (MOHH) is a 100% government-owned holding company that provides operational support and services to public healthcare institutions like SingHealth, NHG, and NUH.
Grants, transfers, and capital injections to and from MOHH are accounted for in the Government Financial Statements submitted to Parliament.
MOHH’s financial reports are audited and publicly available through the Accounting and Corporate Regulatory Authority, though they are not directly submitted to Parliament.
MOHH operates on a not-for-profit basis, recovering costs from public institutions with the Ministry of Health funding the remaining expenditure.
The assets, revenues, costs, and accumulated profits or losses of MOHH for the last five financial years are disclosed in its publicly accessible audited financial reports.

Questions identified by AI (learn more)

Grant, Transfer and Capital Injection Flows Into and Out of MOH Holdings | PAPERCUTS

Grant, Transfer and Capital Injection Flows Into and Out of MOH Holdings

Debated in Parliament on 7 Feb 2023.

Summary written by AI (learn more)

MOH Holdings (MOHH) is a 100% government-owned holding company that provides operational support and services to public healthcare institutions like SingHealth, NHG, and NUH.
Grants, transfers, and capital injections to and from MOHH are accounted for in the Government Financial Statements submitted to Parliament.
MOHH’s financial reports are audited and publicly available through the Accounting and Corporate Regulatory Authority, though they are not directly submitted to Parliament.
MOHH operates on a not-for-profit basis, recovering costs from public institutions with the Ministry of Health funding the remaining expenditure.
The assets, revenues, costs, and accumulated profits or losses of MOHH for the last five financial years are disclosed in its publicly accessible audited financial reports.

Questions identified by AI (learn more)

Full Transcript

Leong Mun Wai

Ong Ye Kung

Summary written by AI (learn more)

MOH Holdings (MOHH) is a 100% government-owned holding company that provides operational support and services to public healthcare institutions like SingHealth, NHG, and NUH.
Grants, transfers, and capital injections to and from MOHH are accounted for in the Government Financial Statements submitted to Parliament.
MOHH’s financial reports are audited and publicly available through the Accounting and Corporate Regulatory Authority, though they are not directly submitted to Parliament.
MOHH operates on a not-for-profit basis, recovering costs from public institutions with the Ministry of Health funding the remaining expenditure.
The assets, revenues, costs, and accumulated profits or losses of MOHH for the last five financial years are disclosed in its publicly accessible audited financial reports.

Questions identified by AI (learn more)

Grant, Transfer and Capital Injection Flows Into and Out of MOH Holdings

Summary

Questions Identified

Full Transcript

Leong Mun Wai

Ong Ye Kung

Summary

Questions Identified

Grant, Transfer and Capital Injection Flows Into and Out of MOH Holdings

Summary

Questions Identified

Full Transcript

Leong Mun Wai

Ong Ye Kung

Summary

Questions Identified