The healthcare industry continues to undergo consolidation. When an organization acquires or merges with another entity, or enters into a joint venture, the other organization’s assets and liabilities need to be evaluated as part of due diligence.
Technology can be a significant risk. The factors that need to be understood include currency, compliance status, underutilization and capacity, security, spending projections, staff capability, and licensing agreements. Performing a technology due diligence assessment as part of any acquisition or new partnership can uncover risks and ensure a complete picture of the assets and liabilities an organization is acquiring.
In their Spring 2020 New Perspectives publication, The Association of Healthcare Internal Auditors (AHIA) published Baker Tilly’s article that explores this topic and provides a case study example.
For more information on this topic or to learn how Baker Tilly specialists can help, contact our team.