Health systems will be affected by the new FASB standards due to the sheer volume of equipment and real estate used in the delivery of care. Under the new guidance, organizations will be required to capture and report all leases, significantly impacting balance sheets.
Under the new FASB standards, leases on CT scanners, MRI machines, hospital beds, service contracts and other supplier/variable agreements will now be recorded on the balance sheet.
With our 15 years of experience in the lease administration and accounting industry, Lucernex’s cloud-based SaaS technology is consistently up to the newest financial regulatory standards. Our FASB compliant, fast, reliable, and secure platform will ensure transparency across hospitals, departments and clinics.
Our fully integrated SaaS platform brings together the management of real estate leases and equipment leases that enable you to: