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The Promissory Letter For Hospital Bill is a crucial document in Singapore's healthcare system, used when patients need to formalize their commitment to pay outstanding medical bills. This document becomes necessary when immediate full payment isn't possible or when the hospital requires additional payment assurance. It typically includes patient details, bill amounts, payment schedules, and terms under Singapore law. The document helps healthcare providers manage their accounts receivable while giving patients a structured payment framework. It's particularly relevant in cases involving significant medical expenses, extended payment periods, or when third-party guarantors are involved.
