New Orleans R&D Tax Credit Explained for Businesses

R&D Tax Credits for New Orleans, Louisiana Businesses

New Orleans, Louisiana, is a hub for industries such as tourism, healthcare, education, and energy. Top companies in the city include Entergy, a leading energy company; Ochsner Health System, a major healthcare provider; Tulane University, a key educational institution; Shell, a prominent energy company; and Harrah’s New Orleans, a major tourism and hospitality company. The Research and Development (R&D) Tax Credit can help these industries reduce their tax liabilities, foster innovation, and enhance business performance.

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Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed’s office location at 1615 Poydras Street, New Orleans, Louisiana provides R&D tax credit consulting and advisory services to New Orleans and the surrounding areas such as: Metairie, Kenner, Marrero, Slidell and Chalmette.

If you have any questions or need further assistance, please call or email our local Louisiana Partner on (504) 584-8597.
Feel free to book a quick teleconference with one of our Louisiana R&D tax credit specialists at a time that is convenient for you. Click here for more information about R&D tax credit management and implementation.

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New Orleans, Louisiana Patent of the Year – 2024/2025

HME360 BI LLC has been awarded the 2024/2025 Patent of the Year for its breakthrough in medical supply accountability. Their invention, detailed in U.S. Patent No. 11893534, titled ‘System for inventory management’, uses RFID tracking and image capture to assign medical items to individuals in real time.

This patented system automates how medical inventory is tracked in hospitals and clinics. When a clinician removes an item from a designated space, sensors and cameras work together to identify the item and associate it with the user. The system then matches the item to a patient record or department, enabling accurate billing and supply tracking without manual input.

By reducing human error and streamlining recordkeeping, this technology addresses a common problem in healthcare: the loss, misplacement, or unrecorded use of critical supplies. It also improves compliance with regulatory standards and ensures that high-value medical items are used efficiently.

The real-world impact is clear. Hospitals using this system can reduce waste, avoid inventory shortages, and improve patient safety by ensuring the right tools are available and accounted for. The invention reflects growing demand for automation in healthcare logistics and showcases how simple technologies – RFID and imaging – can be combined for smarter inventory control.

HME360 BI LLC’s innovation marks a key advancement in healthcare resource management and offers a scalable, practical solution for facilities of all sizes.