Case Study

R&D Tax Credits for the Healthcare Industry

August 26, 2019

A healthcare management company claimed the Research & Development (“R&D”) tax credit to reinvest in their company and grow their company over 30% from 2015 to 2018. They received $612,342 in net credits, resulting in a 350% return on their investment.

Client Profile:

  • Atlanta, GA
  • Healthcare Management
  • 150 Employees
  • $245M Annual Revenue

How Cherry Bekaert Made a Difference

A healthcare management company based in Atlanta, Georgia, approached Cherry Bekaert’s Credits & Accounting Methods Team (“C/AM”) about maximizing their R&D credit. The company is focused on medication management and develops protocols centered on care management to thousands of patients every year.

Since beginning operations in 2000, the company has built and improved patient-focused medication management programs through testing alternative solutions and built software to improve patient experience. Other improvements the company made were: improved patient adherence programs; decreased pharmacy medication errors through use of robotic technology; a new patient portal; and new computerized, real-time integrations of the portal into other vendor EMRs. All technical upgrades improved the performance and functionality of patient programs.

In 2018, C/AM offered the company a complimentary scope for the 2015-2018 tax years. Once on site with the client, the team discovered even more qualified costs, expanding the benefits 13.2% beyond that of the scope to a staggering $612,342 (350% ROI). At the conclusion of the study, C/AM continued communication with the client to ensure comprehension of the study, our deliverable, and the benefits.

How We Can Help Your Healthcare Company with R&D Tax Credits

If your company engaged in qualified research activities for the last several years, you may be eligible to claim R&D tax credits. Cherry Bekaert can help you gain cash refunds from previously unclaimed credit.

Learn More about R&D Tax Credits for the Healthcare Industry