Authored by Debra Bowes and Danielle Hawley
What you need to know
ASC 606 will require healthcare providers to evaluate revenue recognition in a new way. At a minimum, it will require your organization to assess current policies and procedures related to revenue recognition and revise them to be in accordance with the new standard.
This comprehensive ASC 606 guide discusses potential implementation issues for all steps and can help you understand the five-step process under the new standard.
For more information on this topic, or to learn how Baker Tilly healthcare specialists can help, contact our team.