Fixed Asset Valuations
Fixed assets continue to be a necessary cornerstone of the healthcare industry—sometimes the value of a healthcare facility’s fixed assets value may exceed the value of the buildings itself. From this significant investment into fixed assets and moveable equipment by a healthcare facility, the need to retain knowledgeable and experienced valuation experts is paramount. OHC’s Fixed Asset team brings in-depth understanding of these values and their uses to the dynamic healthcare environment. Our team has brought measurable solutions to its healthcare clients in the areas of:
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Fixed Asset Inventories
Professional and efficient fixed asset inventory solutions are essential in every healthcare environment for financial reporting accuracy and compliance; however, several other factors also contribute to the need to hire an experienced inventory team specializing in the healthcare space:
Financial Benefits
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Team Benefits
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There is no inventory project too large or small for OHC’s Fixed Asset team. Our project managers work with each client to outline the project scope and develop a plan to execute on all project goals. We work closely with each client, keeping them abreast of completed milestones and remaining time to completion.
Asset Life & Cost Segregation Studies
Asset Life Studies
Many hospitals assign standardized useful lives to their assets and as a result depreciate their assets too quickly. This adversely affects their financial ratios over time and and impairs their borrowing capacity, particularly for not-for-profit hospitals. Professional asset life and cost segregation studies performed by OHC Advisors allow not-for-profit hospitals to reduce their annual depreciation, maintaining a higher book value over time and an improved debt-to-equity ratio.
OHC's Fixed Asset team is experienced in assigning accurate useful lives to fixed assets and creating customized depreciation reports for the hospital's accounting needs. OHC Advisors conducts a thorough review of the asset classes and their corresponding useful lives and reassigns to new useful lives as necessary, providing complete, compliant backup along the way. Reviewed asset classes typically include:
OHC's Fixed Asset team is experienced in assigning accurate useful lives to fixed assets and creating customized depreciation reports for the hospital's accounting needs. OHC Advisors conducts a thorough review of the asset classes and their corresponding useful lives and reassigns to new useful lives as necessary, providing complete, compliant backup along the way. Reviewed asset classes typically include:
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Cost Segregation Studies
OHC's team can also segregate the building into several components and assign correct, corresponding useful lives to those individual component costs. Completing a cost segregation study can greatly reduce a for-profit hospital’s tax burden, freeing up cash for immediate expenditures.
Contact us today to explore how we can help your organization with its Fixed Asset needs.
Contact us today to explore how we can help your organization with its Fixed Asset needs.