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Healthcare
A high level of market dynamism and the challenge posed by the need to impose tighter controls on the cost base are the distinguishing features of one of the 21st century’s most exciting sectors - healthcare. In order to do full justice to the changing demands of this market, we have bundled our complete know-how in the areas of auditing, consulting, tax and law to achieve outstanding results for our clients.
Key issues in this sector include the increasing concentration process in the in-patient sphere, the constantly changing general legal framework and, above all, the newly concluded introduction of the G-DRG flat-rate system for in-patient care, and the
Advising the sector of the future | |
| Healthcare is one of the most exciting and promising sectors of the 21st century. The pressure to achieve an increase in efficiency, however, is noticeable everywhere. For years, we have been observing a growing concentration process in the in-patient sphere. These difficult outline conditions are forcing the sector into a position of constant change. PwC's experts advise clients in this environment. | |
Healthcare service providers are confronted, on the one hand, with the radical changes seen in the market over the last few years and, on the other, with decisions on health policy. Together, these make planning for the long term considerably more difficult.
Our industry expertise
Our expert team has a history of close cooperation and trust, developed over years, with out-patient, (emergency) in-patient, rehabilitative, psychiatric and nursing facilities of all sizes and types of agency, in the field of operational and strategic issues. Two hundred and fifty staff throughout Germany work on the tasks in this sector, delivering comprehensive, tailor-made solutions to the benefit of our clients.
PwC network
Our clients have access to all national and international contacts within the PricewaterhouseCoopers (PwC) network. Also available to them are interdisciplinary teams with both a practice-tested knowledge of the industry and the specific conditions related to healthcare, and a thorough knowledge of auditing and related services, business, law and tax consulting. Our monthly client magazine, "pwc:", special circulars on tax issues, quarterly healthcare info letters, industry seminars, studies and brochures all provide information about current developments and changes to the applicable laws. We also support decision-makers in healthcare organisations when adapting to changes.
Service portfolio
Our spectrum of activities goes far beyond the usual consulting and auditing services. We have a broad range of experience with, and knowledge of, international (IFRS, US-GAAP) and German (HGB) annual audits as well as special audits designed specifically for the healthcare sector (KHBV), and appraisal services (e.g. as part of transactions or business valuations). In the field of auditing and consulting, PwC focuses on the following points, the latest contributions to which can be found on our portal:
- Auditing and accounting
- Law and tax
- Strategy and environment
- Economics
- New forms of care plan
- Transactions
Training and further education
We have a core staff with many years of experience in the healthcare sector. In principle, all staff working with Healthcare attend a sector-oriented three-tier training programme and further education institute, and regularly take part in specialised training modules. Our training and further education is carried out by staff with experience in healthcare who also work as consultants for hospital federations, universities or other institutions. As well as chartered accountants, tax advisors and lawyers, our staff include IT specialists, nurses, physicians, technicians and experts in the areas of real estate and facility management.
Our industry contacts
In addition, we are active in associations such as the Institute of Chartered Accountants (IDW) or the Chamber of Chartered Accountants (WPK), and in the professional committees of the IDW (hospital technical committee). As well as sitting on various committees, we collaborate in the publishing of industry bulletins, and health policy meetings and congresses.
Our clients
For many years, we have been auditing and advising clinics in the emergency and rehabilitation sectors, as well as psychiatrists and care facilities of various agencies and legal forms. We currently act as annual auditors to around 240 hospitals in Germany. Of the 35 university clinics, 17 are audited by PwC.
Among our clients are corporate groups and major clinic chains, listed companies which prepare their balance sheets according to international statutory accounting requirements, as well as social services agencies (health insurance funds, pension funds, accident insurance funds, welfare associations etc), ministries and public agencies.
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