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Program Description
As health systems continue their pursuit of physician-integration models, the resulting arrangements often present challenges in meeting the standard of fair market value (FMV), implicating both the Stark and Anti-Kickback laws. FMV compliance is particularly challenging when health systems lose money in their physician practices. This webinar will provide both valuation and regulatory guidance in evaluating the FMV compliance issues arising from losses in health system practices.
Learning Objectives
After completing this webinar, attendees will be able to:
- List the basic valuation principles at play in hospital-physician relationships under applicable healthcare regulations
- Differentiate between Stark strict liability implications and anti-kickback exposure where an arrangement may not meet the requisite FMV parameters
- Appraise the causes of losses in health system practices and their FMV compliance implications
- Implement best practices and engage in troubleshooting to mitigate compliance risk
Who Should Attend
Valuators, attorneys, health care executives, physician leadership
Moderator(s)
Presenter(s)
Timothy Smith, CPA, ABV
Mr. Timothy Smith is the national director of American Appraisal’s healthcare valuation practice. Mr. Smith has over two decades of experience in the healthcare industry, including more than 14 years at Hospital Corporation of America, Inc. (HCA), one of the nation’s largest hospital companies. During his tenure at HCA, he worked on hundreds of physician practice acquisition, divestiture, and employment deals. Mr. Smith also completed regulatory compliance reviews on hundreds of appraisals for acquisitions, divestitures, and compensation arrangements. Following his HCA tenure, Mr. Smith has worked in the appraisal profession with a focus on physician compensation arrangements. He has emerged as a thought leader in the area of healthcare compensation valuation (CV). He authored the first systematic account of the theory and practice of CV in the BVR/AHLA Guide to Healthcare Industry Compensation and Valuation, which he co-edited with Mark O. Dietrich. Mr. Smith is the most extensively published author on the newly emerging appraisal discipline of compensation valuation in the healthcare industry today.
Lynn Gordon, Esq.
Ms. Lynn Gordon chairs the Healthcare Department at Ungaretti & Harris in Chicago, focusing in corporate and regulatory healthcare law, with a particular emphasis on the transactional, regulatory, and operational legal counsel needs of hospitals and health systems, including mergers and acquisitions, joint ventures, physician integration, antitrust, Stark, Anti-Kickback, 501(c)(3), and governmental investigation and self-disclosure matters.
An experienced healthcare attorney, Ms. Gordon has been quoted in numerous publications, including Modern Healthcare, Crain’s Chicago Business, and Medicare Compliance Alert. Ms. Gordon also speaks and publishes regularly for state and national associations and has received numerous distinctions from Chambers USA, America's leading lawyers for business.
CPE Credit |
Timothy Smith, CPA, ABV
Lynn Gordon, Esq.
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