Life Sciences
Comprehensive advisory strategies to protect and enhance your company's value in today's dynamic risk environment, ensuring sustained growth for tomorrow.
Life Sciences
Baker Tilly helps life sciences companies address the unique needs and opportunities at all stages of the business and product life cycle.
From assurance and tax to advisory and support solutions, our integrated team of industry specialists collaborate to provide practical, actionable recommendations and analyses that can be easily operationalized.
By the numbers
450
Serving nearly 450 pharmaceutical, biotech and medical device companies
Top 15
Top 15 healthcare consulting management firm (Modern Healthcare 2023)
500+
Our team of more than 500 professionals includes masters-trained policy specialists, former medical directors, physicians, CFOs, health economists, epidemiologists and pharma executives
Our solutions
Baker Tilly has structured our solutions in a way that marshals in the right resources to address the unique challenges our client's face while operating a life sciences company. Our team, comprised of more than 500 individuals, supports our clients through assurance, specialty tax, and advisory and support services, so that we can protect the value of your business while also seizing new opportunities for tomorrow’s success.
Life sciences companies operate in a highly regulated environment and must rely on a large volume of information to make daily decisions. Whether your life sciences company needs its financial statements prepared, compiled, reviewed, or audited; understanding new or upcoming accounting standards; or something more outside of the box, our team of specialized assurance professionals are here to help address your company’s unique needs and reach your goals.
Life sciences companies face a variety of complicated tax considerations that can have large financial impacts on their business. At Baker Tilly, our specialty tax services team can assist you and your organization in maximizing tax deductions, understanding tax reform implications, utilizing tax credits, reducing your tax liability, mitigating risks and more.
From market access planning to establishing a commercial function to creating an effective healthcare compliance program, many life sciences companies rely on external support provided by advisory services firms to assist in a variety of activities. Baker Tilly’s advisory and support services provide client’s guidance and/or outsourced resources to assist in addressing the complex issues that arise during business operations.
Whitepaper
What lies ahead: Life sciences industry outlook for 2024 and beyond
Download our informative whitepaper to help your life sciences company learn more about key developments that should be considered for 2024 and beyond.
“The Baker Tilly team understands the financial issues related to growth and development of biotech companies and helps ensure we address those issues appropriately. Baker Tilly’s international reach is also impressive. With nearly half of our manufacturing taking place overseas, we need quality support across the globe. The Baker Tilly International network has provided us with seamless and sound business and reporting advice. We receive the same quality and level of service regardless of location.”Chief Financial Officer
Featured insights
Risk management guide for life sciences companies
Download our complimentary risk management guide to gain a better understanding of potential risk areas that may necessitate heightened attention to safeguard the value of your organization.
Market access checklist
Baker Tilly’s market access checklist is designed to help you and your organization secure reimbursements and achieve optimal market access for your medical device, drug or diagnostic.
State price transparency reporting checklist for life sciences companies
Download our complimentary checklist to help your life sciences company understand and comply with state price transparency reporting requirements.
Transforming Life Sciences Compliance: Baker Tilly Unveils Innovative HCP Engagement Solution
In a move set to redefine compliance processes within the life sciences industry, leading advisory CPA firm Baker Tilly US, LLP (Baker Tilly), introduces engagementNOW and transparencyNOW.
Our professionals
At a glance
Whether your company is public or privately held and whether you are operating in a single country or are a multinational entity, all pharmaceutical, biotech and medical device companies are experiencing high levels of disruption in business activities. From conducting virtual interactions or preparedness activities for a financing or merger and acquisition (M&A) transaction, government funding audits or developing local or international tax strategies, our team has the experience to minimize the fear, uncertainty and doubt of navigating today’s ever-changing environment.
At Baker Tilly, our team of professionals works with private and publicly traded life sciences companies, private equity firms and portfolio companies to help meet company goals in all stages of the business lifecycle – from pre-commercial to growth to maturity to exit. Our work with stakeholders across the healthcare ecosystem – including life sciences, health plans and healthcare provider companies –provides us with a 360-degree industry view to address your needs.
In addition, Baker Tilly’s established, in-house led departments address a wide range of functional areas within life sciences companies. Through our comprehensive industry knowledge, deep experience and strategic relationships from our work with hundreds of life sciences companies worldwide, we are able to provide actionable ideas and solutions to help companies grow their business now, while anticipating tomorrow. Our team members have run global life sciences companies and have been published in numerous peer-reviewed publications and medical journals, frequently present at global MBA and university programs as guest lecturers, and speak internationally at widely regarded conferences in their respective experience areas.
Solutions for life sciences companies
Assurance
Baker Tilly pairs deep industry knowledge with service specialization to deliver high quality accounting and assurance services.
Compliance & Ethics for Life Science Companies
Baker Tilly's life sciences practices provides comprehensive solutions to solve your organization's most pressing global compliance and ethics needs.
Government and Commercial Pricing & Contracting
Helping life sciences clients establish and manage performance of their government and commercial contracts to build market strength and maintain compliance.
Drug Price Transparency & Reporting
Price transparency program design and support.
Third-Party Risk Management & Due Diligence
Helping life sciences companies evaluate third party relationships to ensure compliance with global anti-bribery and corruption laws
Data Privacy & Protection for Life Sciences Companies
Satisfy regulatory obligations through customized privacy support which protects the personal information of employees and clients.
Compliance Risk & Needs Assessment
Baker Tilly Life Sciences helps clients identify areas of risk across the organization and recommends strategic paths forward for protecting value and mitigating risk
Compliance Auditing & Monitoring
Baker Tilly life sciences helps its clients address identified areas of risk across the organization through the design and execution of robust auditing and monitoring programs
Fair Market Value & KOL Tiering
Simplified approach to evaluating and ranking KOLs according to their level of expertise and receiving direct access to their FMV hourly rates.
Philanthropy & External Funding Program Design & Support
The Baker Tilly life sciences team supports clients in developing strategies to manage funding types, while also employing a strategy to enhance the value of our client’s corporate identity in the global healthcare economy.
Patient Support & Advocacy
Patient support programs have become a standard business practice to ensure patient access, however, life sciences, medical device and pharmaceutical companies must be cautious as regulatory scrutiny increases.
Transactions
Baker Tilly works with clients on mergers, acquisitions, capital sourcing and markets, project finance, due diligence, valuation and transactions
Research & Development Credits
Baker Tilly's research and development tax credit professionals can help you find R&D credits in areas you may not have thought qualify.
HITRUST CSF Assessment Services
The HITRUST CSF provides an integrated, certifiable approach to securing PHI. Any organization handling PHI on behalf of customers may be required to obtain a HITRUST CSF certification.
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