AIA Singapore and NHG Health have signed a memorandum of understanding (MoU) to collaborate on strategic initiatives aimed at strengthening Singapore’s healthcare ecosystem, enhancing population health, and ensuring the long-term sustainability and affordability of care for all residents.
The MoU was signed by Wong Sze Keed, chief executive officer of AIA Singapore, and professor Joe Sim, group chief executive officer of NHG Health, at a ceremony held at Khoo Teck Puat Hospital.
It will focus on three key areas:
- Developing innovative solutions for a sustainable healthcare system in Singapore through exploring effective models of care.
- Collaborating in delivering Value-Based Care (VBC) to provide better health outcomes for AIA Singapore policyholders at sustainable costs.
- Collaborating on programmes focused on improving population health
Wong Sze Keed, chief executive officer of AIA Singapore, said: “Our partnership with NHG Health marks another significant step in our unwavering commitment to the health and wellbeing of Singapore residents.
“By combining AIA’s expertise in health and protection with NHG Health’s deep clinical knowledge and public health focus, we are poised to co-create innovative solutions that not only enhance the quality and affordability of care but also proactively address the health challenges facing our community.
“This collaboration is a testament to our shared vision of empowering individuals to live Healthier, Longer, Better Lives.”
Professor Joe Sim, group chief executive officer of NHG Health, said: “NHG Health is committed to advancing population health and preventive care so that our residents in Central and North Singapore can enjoy more years of good health.
“AIA’s deep expertise in risk management and wellness incentives complements our clinical strengths.
“This collaboration will enable us to align financing with healthier behaviours, drive prevention and early intervention so that both individuals and our health ecosystem benefit from cost efficiencies and better quality of life.”