In “Structuring Competitive Physician Compensation Models” Kim Mobley (Sullivan, Cotter and Associates) and Claire Turcotte (Bricker & Eckler LLP) emphasize the need for healthcare financial executives to understand valuation methodology to ensure legal and regulatory compliance. Writing in the current issue of Healthcare Financial Management, Mobley and Turcotte add:
The federal Stark law, antikickback law, and for federal tax-exempt organizations, IRS requirements should be understood and followed to ensure that compensation models are legal to avoid compliance problems down the road. These laws generally require healthcare organizations to pay physicians an amount that is fair market value (FMV) and reasonable for their services. One way to make sure that your organization is compliant from a regulatory perspective is to understand market benchmark data and the valuation methodologies commonly used to calculate FMV for physician services.
Join James Pinna and Matthew Jenkins (both from Hunton & Williams) on April 26th for “The Anti-Kickback Statue and Stark Law: Avoiding Valuation of Referrals,” part four of BVR’s Online Symposium on Healthcare Valuation. During the webinar the attorneys will provide an in-depth look at laws regulating medical referrals and what they mean for your valuation practices. Two CPE credits are available.
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