For hospitals, a corollary to the popular adage “what gets measured gets managed” could be “measure more accurately to manage costs better.” That seems to be true even in industries like healthcare, where corporations and the government have been struggling for years to control hydra-like costs. UNC Kenan-Flagler Business School accounting professor Eva Labro and Lorien Stice-Lawrence (PhD ’17) found one way to significantly cut hospital costs is to upgrade accounting systems in their forthcoming paper in Management Science.
In June 2018, the UNC Tax Center and the Tax Policy Center co-hosted a conference to address the recently enacted federal tax reform on financial reporting and investment incentives in Washington, DC.
This nonpartisan event considered the effect of recent North Carolina tax reform on the economic outcomes in the state. U.S. Senator Thom Tillis, who was the North Carolina Speaker of the House during the reform process, presented a keynote address. The summit provided the opportunity to hear from both Republican and Democratic legislators, multi-state tax practitioners, leading academic researchers, as well as representatives from North Carolina businesses.