Healthcare
The healthcare industry is a major investor in technology and associated training and the large number of small and mid-sized practices across the state have a substantial value in untapped tax credits. Typical finanSight RTC engagements for medical practices include the following:
- Electronic Medical Records System: the substantial investment in this technology is accompanied by a significant investment of time and money in training staff across the entire practice in its use. Even single-office practices can realize substantial tax credits for this investment
- General technology: such technology as x-ray machines, networked photocopies/scanners, IP telephone systems, and software upgrades can all be eligible for the application of the retraining credit
- Specialist technology: the investment, for example, in radiotherapy and treatment planning systems by an oncology practice can be extremely large, and can be accompanied by intensive programs of training across all levels of the firm, dosimetrists, therapists, physicists, and nurses, and the credits for such programs can be extremely large.