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Reagent/Placement Agreements and ASC 842, Explained
In the wake of the new accounting rules contained in FASB ASC 842, healthcare organizations have had to rethink how they account for certain leases – for example, lab equipment and the reagents used with it. Let’s answer some frequently asked questions about ASC...
The Best Ways to Lower the Costs of Your Leased Capital Equipment
In many capital equipment leases, the devil is in the details. It’s time-consuming not only to fully review the leasing company’s terms, but also to find suitable financing options and determine any applicable taxes. Plus, there’s a lot at stake:...
What are the biggest challenges in healthcare supply chains?
Supply chain management is one of the biggest cost centers for healthcare providers. According to a Cardinal Health and SERMO Intelligence survey of 150 hospital decision-makers, it ranked as their second largest expense in 2015, behind only labor. By 2020, it could...
What Are the Biggest Challenges in FASB Lease Accounting Compliance?
Lease accounting is in the middle of a major transformation. With the start of 2019, public companies must start complying with new rules from the Financial Accounting Standards Board (FASB), which feature several significant changes including (but not limited to):...
What to Expect as the FASB Lease Accounting Deadline Approaches
The Financial Accounting Standards Board (FASB) released a major update (ASC 842) to its leasing accounting standards in 2016, and the new rules are now on the verge of taking effect — in January 2019 for public companies and a year later for private firms. Under the...Read LAMP Overview
