Government subsidy upgrades could bolster Raffles Medical

All of its clinics are CHAS-approved.

Raffles Medical Group (RMG) could get a boost in its local patient load amidst the government’s revamp of its healthcare subsidies as announced during the National Day Rally 2018, CGS-CIMB said.

CGS-CIMB believes that RMG could uplift its potential earnings as its over 80 clinics are all approved to provide the Community Health Assist Scheme (CHAS).

“Overall, we expect demand for Singapore healthcare services to be underpinned by an ageing population and increasing insurance penetration,” the firm said.

Prime minister Lee Hsien Loong has announced that the CHAS will extend their services to Singaporeans with chronic health care conditions regardless of income. He noted that the new scheme will let Singaporeans to continue having their benefits tiered according to their income.