2023 Health Tech Accounting Guide has been saved
2023 Health Tech Accounting Guide
Insight on today’s health tech accounting issues
The health tech industry (or the converging technology and health care and life sciences industry) encompasses a wide spectrum of technology and service solution providers, each with their own unique set of accounting issues. The 2023 Health Tech Industry Accounting Guide offers insight into these issues—giving health tech accounting professionals the practical guidance they need to navigate the complexities they face.
The emerging health tech marketplace
From bioinformatics software to AI medicinal prediction, the health tech industry is redefining the future of health care. And as companies continue to innovate new ways to provide a wide range of products and services—and attract the attention of optimistic venture capital investments—they also continue to disrupt long-standing business models.
As these models evolve, so do the accounting and financial reporting challenges that health tech accounting teams face. Deloitte’s 2023 Health Tech Industry Accounting Guide contains the insights needed to navigate these issues, providing perspectives that are aligned with the unique accounting challenges that span the wide spectrum of businesses in the health tech marketplace.
What’s inside the 2023 guide?
The 2023 Health Tech Industry Accounting Guide can help address the unique set of accounting issues that teams face, while becoming a resource for professionals as they navigate the following:
Environmental, social, and governance (ESG)
ESG matters have become common topics for accounting professionals. Find key perspectives here on what to prepare for.
What guidance should health tech companies apply to the development of proprietary software to serve their customers and clients?
Revenue recognition for health tech companies
Find guidance on applying revenue recognition to common arrangements in the health tech industry, including contracting, pricing, and modifications.
Costs of obtaining a contract
Read more for comprehensive guidance on accounting for the costs of obtaining a contract within the scope of ASC 606.
Special thanks to the following who contributed to the success of this report:
Bill Love, Victoria Boegh, Joanne O’Brien, Mark Hindes, Nicola Lostumbo, Krystal Kort, and Amanda Palzer