Clinical Laboratory Companies, Hospitals, and Other Providers Preparing to Comply with FASB ’s ‘ASC 606–Revenue Recognition Standard’

All medical laboratory companies and hospitals following GAAP must comply as early as 2018 and 2019; revenue and profit impact can be either beneficial or negative There is a big change coming to clinical laboratory companies, hospitals, and other providers that report their organization’s financial performance under Generally Accepted Accounting Principles (GAAP). Such organizations will […]
Source: Dark Daily - Category: Laboratory Medicine Authors: Tags: Compliance, Legal, and Malpractice Laboratory Management and Operations Laboratory News Laboratory Operations Laboratory Pathology AICPA American Institute of CPAs ASC 606 Baker Tilly casey hayes clinical laboratory Dark Daily dark Source Type: news