Digital Health Services
The Digital Health industry will see strong growth in the post-COVID economy, as payers and providers turn to digital health companies to close critical gaps in care and funding of critical services. As one of the fastest growing and most heavily regulated industries, both established players and startups face a daunting array of business challenges that Aprio is uniquely positioned to address:
- Access to capital
- Improve, grow, and scale profitable operations
- Protect the privacy and security of ePHI/PHI
- Leverage lucrative tax credits to fund operations and improve and innovate products
- Acquire new clients and grow revenue
Aprio’s digital health experience by the numbers
As a top 50 CPA-led advisory firm and leading provider of professional services for Digital Health companies, Aprio has a combination of depth of industry experience, breadth of services and capital connections that is hard to find outside of the Big Four.
35%
Aprio’s digital health market share in Georgia, the nation’s top digital health market.
1st
In privacy and security. Aprio is the 1st full-service CPA firm in the nation to achieve both ANAB ISO 27701 and HITRUST accreditation as certifying bodies.
$93+ million
The value of the R&D tax credits Aprio helped our client’s claim in FY19.
Comprehensive services for digital health
In a complex industry, Aprio is a “one-stop” resource for healthcare technology companies serving healthcare payers and providers. We offer a comprehensive suite of tax, assurance and advisory services to advance the business objectives of digital health companies at every stage of their lifecycle.
In a competitive marketplace, digital health clients can leverage Aprio’s expertise and leadership in the areas that most impact their businesses:
Capital Raise Preparation Services – Aprio can help you best prepare your company for a successful capital raise. We provide solutions for companies seeking early stage, Series A and growth capital funding, and our services are scalable to meet the business needs of companies of all sizes.
- Comprehensive services from financial prep to presentation coaching
- Select as little or a much guidance as you need
- All Aprio Capital Raise Preparations Services include introductions to VC investors
Data privacy and security services – The ability to demonstrate compliance with HIPAA and the growing list of privacy and security standards is key to business growth. As a premier provider of information security and privacy services, Aprio has a proven track record with a long list of digital health companies subject to regulation as business associates.
Aprio’s Information Assurance team partners with clients to make sustainable information risk management easier to achieve. Our assessment and attestation services address leading security and privacy protocols including:
- HITRUST
- HIPAA
- SOC 1, SOC 2 and SOC 3 reporting
- PCI DSS
- ISO 27001, ISO 27701, ISO 22301
- LADMF certification
- GDPR
- CCPA
- NIST 171
- NIST 800-53
- NIST 800-66
R&D tax credit services – The price of innovation can prove costly for digital health companies. R&D Tax Credits can provide an immediate cash benefit by reducing, current and future years’ federal and state tax liabilities, oftentimes even if your business has reported income tax losses. This creates a ready source of cash that can be dropped to the bottom line or used to fund innovation.
As one of the largest and most respected research and development tax credit practices in the United States, Aprio’s R&D practice uses a proven methodology that maximizes results and includes:
Developed by the HITRUST Alliance, a consortium of information security leaders, healthcare providers, payment processors, and other third-party healthcare service organizations, the CSF is regularly updated with the latest federal and state regulations. Therefore, if executed correctly HITRUST compliance can support all relevant healthcare standards and regulations.
- Education of company personnel on criteria for qualified activities.
- Investigation of qualified activities and associated qualified costs.
- Technical staff interviews to identify projects, processes and technologies where potential qualifying R&D expenditures may be found.
- Credit calculation that leverages our technical expertise to maximize your benefit.
- Detailed documentation including executive summary that can stand up to the toughest scrutiny of taxing authorities.
Partner with Aprio to reduce risk and support growth
As virtual care models continue to advance the connectivity between payers, providers and patients, digital healthcare companies face increasing business opportunities and risks.
Aprio’s depth of digital healthcare industry expertise and comprehensive services make our firm the perfect growth partner. Let Aprio be the “aspirin” that eases your growing pains. For more information on how Aprio can help you achieve your business objectives, contact Mitchell Kopelman.
