Affordable Hospital Infrastructure Development

Hospital beds

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Affordable Hospital Infrastructure Development
Affordable Hospital Infrastructure Development
With a focus on underserved areas
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Health Care
Health Care Providers
Business Model Description

Invest in construction of new hospitals or expansion of existing healthcare facilities in remote and underserved areas to improve bed capacity. Affordability is at the forefront of this initiative, employing cost-effective, modular hospital designs.

DPWH Covid-19 Facilities: The Department of Public Works and Highways (DPWH) constructed more than 600 COVID-19 facilities, providing a total of 24,513 beds nationwide. These facilities include quarantine and isolation centers, as well as off-site dormitories, and modular hospitals. These healthcare resources are strategically situated in major cities and provinces across various regions in the country, including BARMM.

Camarines Norte District Hospital: Funded through the Development Bank of the Philippines term loan amounting to around USD 8 million, the Province of Camarines Norte initiated the project for the development of the District Hospital. The project includes the construction of a two-storey building with an initial bed capacity of 25 beds.

University of the Philippines - Philippine General Hospital, with funding support from the President and CEO of Sta. Elena Construction constructed the Department of Pediatrics-Hematology-Oncology Isolation Ward. The project is a stand-alone 320-square-meter pediatric ward with a 14-bed facility meant for cancer patients, especially children from poor families. The total project cost is undisclosed.

Expected Impact

Improving healthcare quality in underserved areas by creating more medical care delivery infrastructure in coordination with local government support

How is this information gathered?
Updated: 17 Mar, 2024
Philippines
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
10% - 15% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Long Term (10+ years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
> USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
< USD 500,000
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Good health and well-being (SDG 3)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Decent Work and Economic Growth (SDG 8) Gender Equality (SDG 5) Sustainable Cities and Communities (SDG 11)

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Sector Sources
  • 1) Department of Health (DOH). (2020). Philippine Health Facility and Development Plan. https://doh.gov.ph/sites/default/files/publications/DOH_PHILIPPINE%20HEALTH%20FACILITY%20DEVELOPMENT%20PLAN%202020_2040_0.pdf 2) Lorito, D. (2021 June 10). Philippines: Mandanas Ruling Provides Opportunities for Improving Service Delivery through Enhanced Decentralization. The World Bank. https://www.worldbank.org/en/news/press-release/2021/06/10/philippines-mandanas-ruling-provides-opportunities-for-improving-service-delivery-through-enhanced-decentralization 3) Ordinario, C. (2022 November 29). Tax allotment for LGUs cute due to Covid scars - DBM. Business Mirror. https://www.pids.gov.ph/details/news/in-the-news/tax-allotment-for-lgus-cut-due-to-covid-scars-dbm 4) Manila Bulletin (2021) https://mb.com.ph/2021/05/10/dpwh-sets-up-modular-hospitals-quarantine-facilities-isolation-units-nationwide-for-covid-19-patients/#google_vignette 5) Development Bank of the Philippines (2020) https://www.dbp.ph/newsroom/dbp-bankrolls-hospital-projects-in-camarines-norte/
IOA Sources
  • 6) DOH. (2021). The New Normal for Health. https://doh.gov.ph/sites/default/files/publications/The-New-Normal-for-Health.pdf 7) DOH. (2018). National Objectives for Health Philippines 2017-2022. https://doh.gov.ph/sites/default/files/health_magazine/NOH-2017-2022-030619-1%281%29_0.pdf 8) DOH. (2023). Guidelines on the Implementation of Projects Funded Under the Health Facilities Enhancement Program (HFEP) Fiscal Year 2023. https://dmas.doh.gov.ph:8083/Rest/GetFile?id=745861 9) Official Gazette. (2019). Universal Health Care Act. https://www.officialgazette.gov.ph/downloads/2019/02feb/20190220-RA-11223-RRD.pdf 10) Official Gazette. (2022). BOT Law. https://www.officialgazette.gov.ph/2022/03/31/revised-implementing-rules-and-regulation-of-r-a-no-6957-an-act-authorizing-the-financing-construction-operation-and-maintenance-of-infrastructure-projects-by-the-private-sector-for-other-purpo/ 11) PPPC (2022). Mariveles Wellness Center Project Market Sounding. https://ppp.gov.ph/wp-content/uploads/2020/04/PROJ_MWC_MarketSounding-20220128.pdf 12) PPPC Unpublished Documents on UP-PGH and Mariveles Wellness Center 13) PPPC, (2022). Sample computation on determining the reasonable rate of return (RROR) for the toll road industry. https://neda.gov.ph/wp-content/uploads/2022/12/PPP-Guidelines-Annex-C-Sample-computation-on-determining-the-reasonable-rate-of-return-RROR-toll-road-industry.pdf 14) Flaminiano et al, (2022). Spatiotemporal Analysis of Health Service Coverage in the Philippines. https://www.pids.gov.ph/details/news/press-releases/27-provinces-with-less-than-0-5-hospital-bed-per-1-000-population-pids-study 15) DOH, (2006). https://hfsrb.doh.gov.ph/wp-content/uploads/2021/05/AO-2006-0004.pdf 16) PSA, (2022). https://psa.gov.ph/pnha-press-release 17) UN ESCAP, (2022). https://www.unescap.org/kp/2022/foreign-direct-investment-and-policies-health-sector-asia-and-pacific-20222023 18) DOH, (2022). https://docs.google.com/spreadsheets/d/e/2PACX-1vSrKKNMbcErl3HfqMdFmHPwTPdpGDq-m94w3nH5E5wC2mk0ge5Py-fTPCayujNU6yyCOBLYNhhr_-vk/pubhtml 19) PPPC. List of Projects. https://ppp.gov.ph/list-of-projects/ 20) DOF, (2020). https://taxreform.dof.gov.ph/wp-content/uploads/2021/04/RA-11534-CREATE-Law.pdf 21) Ken Research (2022). https://www.globenewswire.com/en/news-release/2022/03/29/2411518/0/en/Philippines-Medical-Device-market-is-expected-to-reach-to-a-value-of-PHP-130-Billion-by-2025-with-a-double-digit-growth-CAGR-during-the-next-five-years-Ken-Research.html