August 3Healthcare organizations (HCOs) often hold multiple leases such as those for real estate, equipment, land and fleet - as well as less common leases such as embedded leases (often found in contracts) and subleases. As companies scale up or down, take on new spaces or renegotiate, the leases they are involved in change as well, which make accurate calculations and reporting challenging.August 3Making a successful transition to the latest lease accounting requirements such as ASC 842, IFRS 16 or GASB 87 can be a complicated task for healthcare organizations holding many different types of leases. The new lease accounting standards are complex out of necessity to capture the challenging, dynamic and often-changing nature of the underlying lease agreements. Using a lease accounting software solution like Visual Lease reduces the risks inherent in manual lease management and puts a secure system in place for getting and staying compliant with regulations.