Healthcare & Life Sciences2020-05-18T18:48:19+00:00

Industries We Serve

Healthcare & Life Sciences

Healthcare & life sciences companies cover a wide and complicated chain—from medicines, devices, and technologies to institutions and care providers to the payers and regulators enabling that care while protecting patients. As many links as there are in that chain, unrelenting pressures and high velocity change target the entire length. We, at MorganFranklin Consulting help strengthen and improve healthcare & life sciences companies by modernizing technology and data environments, transforming finance and accounting organizations and by driving value throughout deal lifecycles in a highly active market.

Our people combine industry leading practice and insight with a “roll up your sleeves” mentality to help you overcome challenges and seize opportunities. We recruit from the Big 4 and industry leaders, which means you can expect our people to bring you cutting edge, real world strategies based on direct, impactful experience in the industry.

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Learn how we were able to help our clients solve complex transformational challenges.

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Our Healthcare & Life Sciences Expertise

Our clients are used to disruptive transformation. We help them navigate these changes by providing reliable, customized solutions aligned to their unique operations.  Today’s marketplace has executives dealing with technology innovation, shifting regulations, supply chain evolutions, changing patient demand and access locations, and a rapidly evolving risk environment, among other factors. We help forward-thinking executives re-imagine the way they do business:

  • Regulatory Change & Adoption
  • Performance Improvement
  • Supply Chain Management
  • Change Management
  • Program Management Office Support​
  • Service Delivery Transformation (Outsourcing/Offshoring)

Above almost all other industries, evidence-based outcome demand reliable, flexible data. We help organizations better understand, manage, and analyze their data to deliver actionable insight. We work with some of the most complex and forward-thinking Healthcare & Life Sciences companies—from growth startups to global leaders.  We provide leading edge solutions in Data & Analytics to drive success and our teams can help you govern enterprise data and build tools and processes to deliver and automate market leading insights:

  • Data Architecture and Engineering​
  • Intelligent Automation
  • Data and Metadata Management​
  • Data Visualization and Business Intelligence​
  • Machine Learning​
  • Predictive Analytics

We help companies prepare for the enhanced scrutiny of auditors and regulators by conducting end-to-end IPO Readiness assessments and building roadmaps for successful, sustainable life as a public company. We partner with executives throughout the process, from hiring an underwriter to the first public company filings:

  • Assessing IPO Readiness and Developing an IPO Roadmap​
  • Documenting Key Policies and Procedures
  • Preparing SEC Filings and Disclosures​
  • Becoming Compliant with Sarbanes-Oxley​
  • Undergoing a PCAOB Compliant Audit​
  • Preparing a Finance Function (Reducing Close Times, Standing up FP&A, Modernizing ERP Systems)​
  • Implementing External Reporting Capabilities​

An active market means new and changed regulations that complicate financial reporting for Healthcare & Life Sciences companies. Our team combines Big 4 National Office experience with practical delivery style to advise clients on complex GAAP accounting issues and to provide hands-on support to adapt to new policies. Below are some of the key services we provide:

  • Audit Readiness and Remediation​
  • Internal Control Design and Assessment ​
  • SEC Reporting and Restatements​
  • Technical Accounting Standards Implementations

Our Finance Transformation services empower CFOs, Controllers, and Treasurers to maximize the value of their organizations. We help Finance leaders identify, prioritize, and implement initiatives that enable better decision making, risk management, and overall efficiency:

  • Digital Finance & Real Time Financial Reporting​
  • Finance Modernization Roadmap Development​
  • Planning, Budgeting, & Forecasting Enhancement​
  • Alignment of Management, Financial, and Regulatory Reporting​
  • Financial Close Process Optimization

The Healthcare & Life Sciences industry is rapidly evolving and the rate of change is ever increasing, which places more importance on the role of risk management. We work with Healthcare & Life Sciences companies to understand, manage, and mitigate risks across their portfolio:

  • Enterprise Risk Management​
  • Information Risk Management​
  • Sarbanes-Oxley Compliance​
  • Internal Controls Assessment and Optimization​
  • Internal Audit Outsourcing/Co-sourcing​

Healthcare & Life Sciences companies are rich targets for bad actors. Significant intellectual property, complex value and supply chains and highly valuable PHI require organizations in the sector to invest in proactive and broad capabilities to manage cybersecurity risk. Our Cybersecurity team specializes in services that provide comprehensive, flexible, and robust solutions for critical cybersecurity needs. From consulting and implementation to managed services and project resourcing, we work to safeguard using a risk-based, organization aligned approach to manage your end-to-end cybersecurity needs. Services include:

  • Strategy, Governance, Risk & Compliance
  • Identity and Access Management
  • Cybersecurity Operations​
  • Application Security​
  • Incident Response & Risk Intelligence
  • Managed Security Services

Our CIO Advisory team is the platform of choice for technology leadership advice and support based on measurable speed to value, organizational peace of mind and depth of real-world technology We maintain a broad network with technology leaders and collaborate with them to achieve consistent, high-quality technology services. By providing critical leadership throughout the process, we craft a tailored roadmap that safeguards assets, reduces process inefficiencies, and optimizes resources and talent:

  • IT Leadership Services​
  • IT Strategy & Planning
  • IT Transformation​
  • IT Assessment

Deals in Healthcare & Life Sciences are nuanced by complex cross-industry and cross-border relationships and by a turbulent global regulatory environment. We focus on all aspects of M&A transactions including buy-side portfolio acquisitions, financial and technology due diligence, financial carve outs, legal entity spinoffs, pre- and post-acquisition integration of business operations, and FinTech related events. We enable clients to execute complex transactions while managing risk and driving value:

  • Due Diligence: Financial, Operational, and Technology (including Purchase Accounting)​
  • Deal Structure & Purchase Agreement Strategy​
  • Integration Management Office Support​
  • Day 1 Regulatory and Management Reporting​
  • LD1 Planning and Execution​
  • Design, Implement, and Exit Transition Services Agreements (TSAs)​
  • Combine Technology Systems and Operations​
  • Design/Execute System and Data Conversion Strategies​

We work closely with our clients’ finance and technology functions to adopt cutting edge emerging technologies (Cloud and Big Data) and innovation accelerators (AI, IoT and Robotics) to enable growth and add value to their existing core business:

  • Enterprise Resource Planning (ERP)​
  • Corporate Performance Management (CPM)​
  • Robotic Process Automation (RPA)
  • Business Process Automation (BPA)
healthcare-life sciences

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