Simplifying spend transparency reporting for life sciences companies

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Implementing and optimizing spend transparency programs for life sciences companies presents many challenges. Common obstacles often faced by emerging to mid-sized life sciences companies when complying with spend transparency obligations include not having a centralized spend transparency solution which may result in an increased risk of data inaccuracies, lack of data integration across disparate systems...

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Unlocking opportunities with the IRA and NMTCs

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The Inflation Reduction Act (IRA) and New Markets Tax Credits (NMTCs) are two hot topics shaping the future of sustainable growth within the financial services industry. The evolving economic landscape makes it important to understand these initiatives, as it opens new opportunities for businesses, investors, developers, community leaders, lenders and more.   Join Baker Tilly specialists...

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Improving health system cash flows through 340B program optimization

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Hospitals and health systems must continue to find ways to reduce expenses and improve revenue and recover positive cash flows. One area many organizations are turning to is their pharmacy departments with 340B Drug Program optimization and strategic management of drug spend and pricing structure. By conducting a review of their organization’s 340B participation, compliance,...

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Adjusting historical data under CECL: Thinking differently about qualitative data factors

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The CECL standard requires institutions to consider adjusting their historical dataset due to a range of potential qualitative and quantitative factors. Equip your institution with the knowledge to analyze your dataset, consider qualitative and quantitative factors as well as document adjustments. Baker Tilly’s CECL professionals Ivan Cilik and Sean Statz are excited to host ARCSys...

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Medicare reimbursement updates for fiscal year 2025

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Examining the implications of the IPPS proposed rule  The Centers for Medicare & Medicaid Services’ (CMS) recently published the Inpatient Prospective Payment System (IPPS) fiscal year 2025 proposed rule. Many hospitals and health systems are trying to identify how the proposed regulations and updates under the Medicare IPPS system will impact them and where to...

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