Healthcare sector encompasses various elements of health and wellness. Broadly, some of the individually-identifiable elements include: hospitals (specialty-focussed or multi-discipline), diagnostic centres (hospital-based centres, diagnostic chains or stand-alone centres), medical equipment (manufacture or lease), health insurance and wellness chains. Companies in the healthcare landscape, generally, cater to at least one of these elements.
Introduction
Healthcare sector encompasses various elements of health and wellness. Broadly, some of the individually-identifiable elements include: hospitals (specialty-focussed or multi-discipline), diagnostic centres (hospital-based centres, diagnostic chains or stand-alone centres), medical equipment (manufacture or lease), health insurance and wellness chains. Companies in the healthcare landscape, generally, cater to at least one of these elements.
In the healthcare sector, revenue recognition and lease accounting are some of the key areas where current guidance under Ind AS is expected to change due to implementation of new standards.
In this session, we discussed the key implementation issues of Ind AS 115 and IFRS 16 for healthcare sector.
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