Healthcare Connection – June 28, 2016
The New Revenue Recognition Standard: Five Questions Healthcare Organizations Should Be Asking Now
Rules for recognizing revenue from contracts with customers are changing, and a new Financial Accounting Standards Board standard is expected to become effective within the next two years. The changes will affect every healthcare organization in the United States, and healthcare financial leaders should begin now to understand the rules and make plans for adoption. This article suggests five questions leaders can answer to lay the groundwork for a seamless transition when the new standard is fully implemented.
Internal Audit’s Critical Role in Healthcare Cybersecurity
The healthcare industry is a prime target for cyberattacks, and given the damage hackers can do, an effective cybersecurity program is an absolute must for healthcare organizations. In the absence of a sound program, healthcare organizations will battle continual cybersecurity fires and spend their time and resources inefficiently – and often ineffectively. Learn why the internal audit function is the key to achieving the best cybersecurity plans.