BVR's Guide to Physician Practice Valuation is the essential resource for understanding the complexities inherent in physician practice valuation, whether for sale to a hospital, private equity firm, or to another physician. Edited by renowned healthcare valuation thought leader Mark Dietrich, the Guide provides healthcare administrators, appraisers, and attorneys with current and comprehensive "how-to" guidance on valuation approaches.

In the second edition, Dietrich and other top healthcare appraisal experts including James Pinna, Todd Sorensen, James Lloyd and Greg Anderson further explore the not-so-subtle nuances of unique issues like coding analysis, ancillary technical component revenue, "incident to" billing for mid-level providers, accounts receivable and aging, benchmarking, and normalization of expenses. Plus, they discuss how the Anti-Kickback Statute and Stark Law continue to impact valuation.

"The consensus today, including that of many of the contributors to this Guide, is that future physician compensation is typically a more significant element of a transaction than is the value of the practice."
Mark Dietrich, Editor of BVR's Guide to Physician Practice Valuation

The second edition features several updates and 9 new chapters, including:

• Sample valuation report detailed table of contents for a physician practice valuation report
• Traditional practice buy-ins and buyouts and how the presence of non-compete agreements affects value
• Valuation of non-compete agreements and personal goodwill
• Bradford Regional Medical Center: Lessons for the inexperienced
• Measuring intangible value in physician practices
• Top issues in medical A/R that impact your valuation
• Identifying and measuring personal goodwill
• Derby v. Commissioner
• Lost profits for physician practices

Practical guidance coupled with adherence to professional and regulatory standards define the Guide to Physician Practice Valuation.

Table of Contents

Chapter 1: The Healthcare Economy
Chapter 2: Healthcare Market Structure and its Implication for Valuation of Privately Held Provider Entities: An Empirical Analysis
Chapter 3: The Anti-Kickback Statute and Stark Law: Avoiding Valuation Referrals
Chapter 4: Bradford Regional Medical Center: Lessons for the Inexperienced
Chapter 5: Assessing Intangible Value in a Physician Practice Acquisition
Chapter 6: Choosing and Using the Right Valuation Methods for Physician Practices
Chapter 7: Sample Valuation Report Table of Contents for a Physician Practice Valuation Report
Chapter 8: Valuation Solutions for Special Situations with Medical Practices; Section I: Practice Buy-Ins, Buy-Outs, and Mergers; Section II: Other Special Circumstances-Noncompetes, Divorce
Chapter 9: Critical Condition—A Coding Analysis for a Physician Practice Valuation
Chapter 10: Understanding and Using the Technical and Professional Component of Ancillary Revenue when Valuing Medical Practices
Chapter 11: Medical A/R: Top Issues that Impact Your Valuations
Chapter 12: Benchmarking Practice Performance
Chapter 13: Designing a Chart of Accounts to Meet the Needs of Physician Practices
Chapter 14: Physician Compensation and Financial Statement Benchmarks:  Using MGMA Data
Chapter 15: Identifying and Measuring Personal Goodwill in a Professional Practice:  Part I—Basic Concepts
Chapter 16: Identifying and Measuring Personal Goodwill in a Professional Practice:  Part II: Using the Single Period Capitalization Model
Chapter 17: Why Transaction Structure Affects Value and Other Nuances of Valuing Medical Practices
Chapter 18: Supply & Demand: Assessing the Impact of the Shortage of Physicians on Value
Chapter 19: What Goes Around Comes Around: Derby v. Commissioner
Chapter 20: Converting Physician Practices to Tax-Exempt Status: Is There an Upside to the Downturn?
Chapter 21: A Healthcare Appraiser Reviews a Judge-Appraiser's "Report"
Chapter 22: The CPA's Role in M&A Due Diligence Assistance to PPMCs and Private Equity Firms
Chapter 23: When the Marriage is Over, What is the Practice Worth?
Chapter 24: Jurisdictional Issues in Physician Practice Divorce Valuation: California
Chapter 25: Lost Profits for Physician Practices