Health Care
Health care spending continues to increase as total U.S. expenditures reached almost 20% of GDP in 2009. Medical providers, equipment makers and other industry firms must now deal with new health reform legislation which may result in even higher costs. In recent years, employers and government have paid large portions of the health care coverage for their employees, but rising expenses mean more focus must be directed towards efficiency and productivity gains by heath care participants.
Even greater strains on resources lie ahead with increased litigation, aging populations and the continued requirements for the privacy of patient information. Sirius Solutions’ has the expertise to advise and implement solutions for internal controls, financial advisory, IT and litigation and dispute. Our consultants have achieved results in areas such as Sarbanes-Oxley Section 404 compliance, internal controls documentation and testing, pricing models, executive sourcing and tax provisioning.
As an example, Sirius Solutions recently partnered with a heath care client to obtain the highest returns from their tax automation efforts. Our team consists of provision experts, trained in all areas of tax software, providing consulting to ensure timely and effective implementations. As a result we were able to help our client improve the flow of tax information and shorten the time to complete the tax provision process. Through a partnership with Sirius Solutions, this organization has been able to achieve results in initiatives designed to reduce the risk of financial inaccuracies, increase their flexibility in reacting to adjustments late in the tax cycle and allow more time for analysis and planning activities.
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