The American Association of Provider Compensation Professionals (AAPCP) is a new nonprofit group whose members advise and lead healthcare organizations on provider compensation, contracting, planning, recruitment, retention, strategy, and, yes, valuation. The fair market value of physician compensation and related arrangements is an area subject to increasing scrutiny amid complex regulations. The determination of FMV is handled by staffers at healthcare systems as well as external valuation experts, and both these groups are among the ranks of AAPCP members.
BVWire spoke with Alex Krouse, JD/MHA, who is legal counsel at Parkview Health and one of the key people behind the formation of the AAPCP. He told us that the organization will develop a body of knowledge, resources, best practices, and training for individuals and firms engaged in provider compensation. Plans also include providing certification and an interactive forum. They were planning their first annual conference last spring, but the pandemic derailed that event, which will be rescheduled. The agenda included topics of interest to all healthcare valuation experts, such as:
- A regulatory overview for provider compensation professionals;
- Nuts and bolts of FMV and commercial reasonableness;
- Compensation surveys and updates; and
- FMV for “thorny” deal scenarios.
The fledgling AAPCP looks like it’s off to a great start!
Extra: BVR has a call for papers on the new Stark regs and healthcare valuation. Proposals are due April 15. Click here for details.