Here’s what you’ll see:

• “Kick-Starting a CPT Revenue Analysis for a Physician Practice” (Mark O. Dietrich). An example of how to get started on a Current Procedural Terminology (CPT) revenue analysis for an orthopaedic practice, including detailed background data on this type of practice.
• “Alerding Gives Some Insights Into AI and BV” (BVR Editor). Be cautious when using artificial intelligence for business valuation work, advises BVLaw editor Jim Alerding (Alerding Consulting). A few examples show that this tool is not yet ready for prime time.
• “Industry Updates for Firms Most Impacted by the Labor Shortage” (BVR Editor). The accommodation and food service sectors are especially feeling the pain of the current labor shortage, which can cause ripple effects on a valuation. Here are some recent updates for various firms in these sectors, courtesy of the Vertical IQ industry research platform.
• “One of My Favorite Court Cases Reveals What Makes a Guideline Company—It’s a Classic” (Gary Trugman). The very essence of the market approach is summed up in this court case that has stood the test of time.
• “How One BV Practice Helps Train Its Young Professionals” (BVR Editor). A BVR survey reveals that many valuation practices need to improve their training programs. Here’s an idea that one practice uses to continually develop its young practitioners.
• “It’s About Time: Webb on Fractional Interests in Real Estate” (BVR Editor). After more than 25 years of valuing nonmarketable interests in real estate, Dennis Webb (Primus Valuations) says that the single most important thing in this type of valuation is “time.”

The issue also includes:

• A full section of “BV News and Trends/Global BV News and Trends”;
• Regular features: “Ask the Experts” and “Tip of the Month”;
• BV data spotlight: “DealStats MVIC/EBITDA Trends,” “FactSet Mergerstat/BVR Control Premium Study,” “Economic Outlook for the Month,” and the “Cost of Capital Center”; and
• BVLaw Case Update: The latest court cases that involve business valuation issues with one case featured in a detailed analysis.

To stay current on business valuation, check out the May 2023 issue of Business Valuation Update.