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Program Description
Technical component or ancillary services in physician practices can present significant difficulties in preparing both business and compensation valuations. While ancillary services can generate substantial earnings, they usually involve referrals that are intensely scrutinized under healthcare regulations. As a result, appraisers face critical valuation issues in analyzing the economics of these services. To address these issues, a panel of healthcare valuation experts will work through key problems related to ancillaries in business and compensation valuations.
Learning Objectives
After completing this webinar, attendees will be able to:
- Identify critical valuation and regulatory issues arising from ancillaries in physician practices
- Analyze the key economic characteristics of ancillaries for valuation and compensation purposes
- Develop a sound methodological framework for assessing ancillaries in business and compensation valuations
- Employ valuation methods and techniques that avoid critical pitfalls and regulatory compliance issues
Who Should Attend
Advanced practitioners and attorneys
Moderator(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.
Presenter(s)
Gregory D. Anderson, CPA, ABV, CVA
Mr. Gregory D. Anderson is a partner with HORNE and concentrates his practice in consulting on income distribution plans for physician group practices; fair market value studies related to hospital/physician employment and other compensation arrangements; and the valuation of medical practices, diagnostic facilities, ambulatory surgery centers, hospitals, and other healthcare facilities. Mr. Anderson regularly writes and speaks on healthcare valuation and physician compensation plans. Mr. Anderson is a CPA, Accredited in Business Valuation, and a Certified Valuation Analyst. Mr. Anderson is a member of the AICPA, NACVA, MGMA, HFMA, and the American Health Lawyers Association.
Mark O. Dietrich, CPA, ABV
Mr. Mark O. Dietrich is editor and contributing author to the American Health Lawyers' Association/Business Valuation Resources Guide to Healthcare Valuation, 3rd Edition, and the Guide to Healthcare Industry Compensation and Valuation. He is principal author of Business Valuation Resources’ Guide to Physician Practice Valuation, 2nd Edition, and co-author with Gregory Anderson, CPA/ABV of The Financial Professional's Guide to Healthcare Reform.
Mr. Dietrich is also co-author of PPC's Guide to Healthcare Consulting as well as dozens of articles on valuation, taxation, and the healthcare regulatory environment. Mr. Dietrich's career experience includes serving as partner-in-charge of the annual audit of an 80-physician, tax-exempt faculty group practice and the negotiation of Medicare Advantage contracts. He has completed more than 350 valuation engagements in the healthcare industry and has served as an expert witness in regulatory matters. Mr. Dietrich is a regular speaker at national and international conferences on healthcare reform, valuation, and other topics. He has presented at NACVA and ASA conferences as well as webinars related to valuation.
W. James Lloyd, CPA, ABV, ASA, CFE
Mr. W. James (Jim) Lloyd is a principal in the valuation and dispute services practice of Pershing Yoakley & Associates, PC, a national accounting and consulting firm that specializes in the healthcare industry. He has extensive experience with valuing a broad range of healthcare companies, complex business arrangements, and intangible assets for purposes such as mergers and acquisitions, joint ventures, financial reporting, and taxation. Mr. Lloyd received his bachelor of science in business administration from the University of Tennessee and is a Certified Public Accountant (CPA). He also holds the following specialized credentials: Accredited in Business Valuation (ABV) from the American Institute of Certified Public Accountants, Accredited Senior Appraiser (ASA) from the American Society of Appraisers; Certified Business Appraiser (CBA) from the Institute of Business Appraisers, and Certified Fraud Examiner (CFE) from the Association of Certified Fraud Examiners.
Mr. Lloyd is a past chair of the American Institute of CPA’s Accredited in Business Valuation Credential Committee and also past Chair of the Tennessee Society of CPA’s Valuation and Litigation Services Committee. He has published multiple articles on various valuation and litigation topics and is a frequent speaker at conferences and other venues across the U.S.
CPE Credit |
Timothy Smith, CPA, ABV
Gregory D. Anderson, CPA, ABV, CVA
Mark O. Dietrich, CPA, ABV
W. James Lloyd, CPA, ABV, ASA, CFE
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