Although intended to increase transparency of an entity’s leasing activities, FASB’s new Accounting Standards Codification (ASC) Topic 842 can still leave expenses that can generate a significant drag on the income statement out of view. Implementation of ASC 842 offers healthcare organizations an opportunity to evaluate the financial performance of equipment leases and gain a better understanding of their exposure to costs that the new standard does not capture on the balance sheet.

Watch our on-demand webinar to understand more about the following:

  • Describe expenses that may remain off balance sheet following implementation of ASC 842
  • Define a process to inventory existing leases, evaluate their financial performance, assess equipment lease contract risk, and ensure that future leases contain language to protect the lessee’s best interests
  • Discuss implications of this review for decisions regarding the obtaining and financing of equipment and other assets

Download the slides from the webinar.

 

Meet the Authors

Matt Robbins bio pic

Matt Robbins

SENIOR VICE PRESIDENT, KAUFMAN HALL

Matt Robbins provides partnership and financial advisory services for a broad range of healthcare clients engaged in various types of transactions, such as borrowings, debt restructurings, derivatives, mergers, acquisitions, and joint ventures.

Jon Nykvist bio photo

Jonathan Nykvist

SENIOR DIRECTOR, Lease Portfolio Recovery Services (LPRS)

Jon assists clients in improving the performance of their equipment lease arrangements. He evaluates the historical performance of finance portfolios, and leverages this data to help clients with vendor selection, lease contract negotiation, asset and lease management process improvement, and lease buyout and restructuring.

Prior to co-founding LPRS, Jon was a Director in Alvarez & Marsal’s ELMAS practice. Before that, he was Vice President at the lease consulting firm, American River Partners. Jon earned his MBA from the Olin School of Business at Babson College and his bachelor’s degree in economics from Colby College.

Petya King bio photo

Petya King

DIRECTOR, Lease Portfolio Recovery Services (LPRS)

Petya assists with data analysis on the cost of equipment leases and risk-rating of contract terms. She helps clients adopt best practices towards a successful equipment lease portfolio including lease sourcing, vendor selection, and deal evaluations. She also has a lead role in marketing and business development.

Prior to joining LPRS, Petya worked in the energy industry, advising clients on cost management strategies, market fundamentals and trends, and data analysis and scenario modeling.

Petya received her master’s degree in Economics from University of Nevada, Las Vegas (UNLV) and her bachelor’s degree in Mathematics & Economics from St. Lawrence University.