Health Care Entities
Published November 30, 2012
|It is critical for preparers of financial statements and auditors to
understand the complexities of the health care industry including
revenue recognition methods for medical malpractice claims, patient
receivables, and revenue recognition; the reporting entity and related
entities; and financial reporting and accounting for managed care
services and continuing care retirement communities. AICPA publications
provide information on recent developments, guidance, practice aids, and
illustrative examples for the common accounting and audit practices in
the health care industry including
Find comprehensive examples of
- fair value measurements and disclosures for nongovernmental health care entities.
- derivative instruments commonly used by the health care industry.
- continuing care retirement community advanced fees.
- municipal bonds issued on behalf of not-for-profit health care entities.
- contributions received and made.
- key issues from the Health Care and Education Reconciliation Act
of 2010 and the Protection and Affordable Care Act (ACA), including
accountable care organizations.
- ICD-10 conversions.
- electronic health records (EHRs) and accounting for Medicaid EHR incentive payments.
The following products are available from the AICPA to help provide guidance and resources on the health care industry.
- financial accounting and reporting by continuing care retirement communities.
- financial statements, notes, and supplementary schedules.
Audit and Accounting Guide Health Care Entities
Publication Excerpts (available to AICPA Members)