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Health Care Industry Conference 2019


HEA1911 - Chair Announcements | Revenue Recognition Implementation - Bumps and Pitfalls


Nov 7, 2019 8:05am ‐ Nov 7, 2019 9:25am

Standard: $49.00

Description

During this session, presenters will take a look at recent hot topics related to revenue recognition. In addition, hear how Trinity Health, one of the largest Catholic health care systems in the U.S., tackled adoption of the new standards and wrote an accounting policy to address the new standards. We will discuss the impact this had on their financial statements as well as lessons learned from implementation.

Learning Objectives:

  1. Learn about considerations for accounting for risk contracts and provider taxes.
  2. Overview of other implications arising from implementation.
  3. Learn how Trinity tackled applying the new standards to $18 billion of revenue.
  4. Go over their application of the portfolio approach.
  5. Discuss overview of documentation included in their accounting policy.
  6. Understand how the standards appear in Trinity Health's FY2019 audited financial statements.
  7. Review lessons learned from their implementation of the standards.

Speaker(s):

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