Following the decision to introduce audits for medical and social welfare corporations above a certain size, there has been increasing social demand for compliance with the "Medical Corporation Accounting Standards" including accounting/administrative processes and internal control in hospitals and healthcare facilities.
The healthcare market is expected to expand in the future and so is its importance in society. However, considering that the incorporation of medical corporations has long been postponed in Japan, the most pressing issue is to ensure transparency such as by enhancing and standardizing internal controls from an early stage.
BDO Toyo & Co.is capable of providing advice on accounting/administrative processes and internal controls. We can also provide advice on issues related to the enhancement of governance frameworks facing medical corporations due to their nature as human-oriented organizations.
Since hospital management has been left to the discretion of medical corporations, hospitals are facing difficult issues in business succession. With a team of tax professionals within BDO's global network, we provide advice on business succession, M&A, alliance with overseas medical professions, and global expansion.