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Analysis

2024 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 2024 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 2024 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.

2024 Health Tech Industry Accounting Guide

What’s inside the 2024 guide?

The 2024 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:

The growing women’s health market

Women’s health has historically been viewed through the narrow lens of reproductive health, and as a result, there are large gaps in general health, well-being, and health policy that should be addressed to help attain equity in health, access, and care delivery.

Capitalized software

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.

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