Category: Healthcare

Contractual allowance vs. bad debt for healthcare providers

Knowing the difference between contractual allowance and bad debt is critical to healthcare providers. The IRS wants bad debt clearly separated in tax returns. LBMC can help with revenue recognition standards and tax reporting.

Key Financial Considerations in Physician Practice Transactions

The financial due diligence of physician practices could prove challenging given the general cash basis nature of accounting. However, understanding the key issues and analyses needed to address these issues will help ensure a successful transaction.

2022 Business Outlook Trends for Healthcare Industry

2021 Business Outlook Trends for Healthcare Industry

The pulse survey shows that leaders in the healthcare industry are positive about the upcoming year’s increased revenue through the enhancement of existing products and services, expansion into existing and new markets, improved efficiency and increased pricing. Capital spending will continue this year with an emphasis on IT investment, R&D and marketing. Retaining top talent and hiring challenges will continue to be top of mind.