Search
Close this search box.

Case Studies

Responsive Revenue Recognition for $500M EHR Healthtech Organization, MEDITECH

Share

LinkedIn
Facebook
Threads
X
Reddit
Email

Revenue recognition is inherently complicated for healthtech companies, and can even become burdensome and daunting. Additionally, working with an accounting firm that maintains a national office responsible for reviewing policies and providing terse feedback can add even more stress to the process.

Quote Icon

When we originally looked for a new audit relationship, we were searching for a firm that would put in the effort to understand not only our business, but our culture and operating philosophy as well.
Wolf & Company was a responsive partner with the right healthtech expertise and audit approach to help us navigate a concise and efficient path.”


Barbara Manzolillo

Chief Financial Officer, MEDITECH

Challenge

MEDITECH—a global healthcare solutions software company that develops and deploys Electronic Health Record (EHR) systems aimed at empowering healthcare organizations—was experiencing a lack of collaboration and prioritization while working with a large, international accounting firm to affirm their revenue recognition policies. This led to:

  • Delayed financial reporting
  • Unreasonable timelines
  • Additional costs
  • Additional hours spent by key executives on accounting research
  • Unnecessary stress and overtime

 

Solution

Wolf’s Assurance Team worked diligently to assist MEDITECH in remediating the filing delays caused by the prior firm by:

  • Providing dedicated partner- and manager-level attention on the nuances of their business, internal controls, and approach to revenue recognition
  • Bringing relevant healthtech software expertise to understand the company’s unique challenges and design a reasonable audit approach
  • Working closely with management to create a tailored plan to help the company efficiently submit their previously delayed U.S Securities and Exchange Committee

Result

Equipped with nuanced expertise in the accounting complexities of healthtech and EHR companies, our dedicated technology team:

Completed MEDITECH’s quarterly financials within two months

Completed audited financials in three months

Encouraged a smooth transition between firms

Maintained consistent communication to provide peace of mind to the Board and executive leadership

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
Get the insights that matter.

Stay informed with priority news and key industry updates by filling out the form to subscribe.
Name*
This field is hidden when viewing the form

Connect with a Wolf Expert

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Wolf Inquiry Form

Fill out the form below and our team will reach out to you soon.
Name*

Newsletter (Insight & Case Study | Wolf Website

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
Get the insights that matter.

Stay informed with priority news and key industry updates by filling out the form to subscribe.
Name*
This field is hidden when viewing the form

Data Solutions | LinkedIn Ads Form

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Data Solutions Inquiry Form

Fill out the form below and our team will reach out to you soon.
Name*

Get back to business with accounting support from Wolf & Company.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Outsourced Accounting Solutions Inquiry Form

Fill out the form below and our team will reach out to you soon.
Name*

Data Solutions | Page

Get back to business with accounting support from Wolf & Company.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
Fill out the form below and our team will reach out to you soon.
Name*

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Data Solutions Inquiry Form

Fill out the form below and our team will reach out to you soon.
Name*

Connect with a Wolf Expert

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Wolf Inquiry Form

Fill out the form below and our team will reach out to you soon.
Name*

Fintech Inquiry Form

Fill out the form below and our team will reach out to you soon.
Name(Required)

Fintech Inquiry Form

Fill out the form below and our team will reach out to you soon.

Get back to business with accounting support from Wolf & Company.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Outsourced Accounting Solutions Inquiry Form

Fill out the form below and our team will reach out to you soon.
Name*

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

DenSecure Inquiry Form

Fill out the form below and our team will reach out to you soon.
Name*

We’re here to help.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
Fill out the form below and our team will reach out to you soon.
Name*
This field is hidden when viewing the form