Meet regulatory requirements, enhance operational efficiency, optimise financial performance, and make informed decisions.
The healthcare sector, comprising an intricate web of medical facilities, diagnostic centres, research institutions, hospitals, clinics, and specialised care units necessitates substantial property, vehicle and equipment management. Managing such a diverse portfolio requires specialised expertise and often, more complex management systems.
Given the scale and critical nature of services they provide, efficient lease administration becomes a cornerstone of healthcare sector operations. With public and private funding mechanisms in play, healthcare providers are under constant scrutiny to ensure compliance, cost efficiency and scalability, making effective lease management and lease accounting essential.
The introduction of the IFRS 16 (AASB 16) lease accounting standards places additional pressure on healthcare institutions. Adherence to IFRS 16, however, improves comparability among healthcare providers, enhances the quality and reliability of financial reporting and provides greater transparency and accountability in a sector where efficient resource allocation can significantly impact patient care and services.
Fill in the form to download your copy of our IFRS 16 (AASB 16) Lease Accounting Checklist for the healthcare sector now.
