The stipulations in the federal Anti-Kickback Statue and Stark Law that healthcare providers cannot exchange remuneration in return for referrals of federal healthcare program business has extensive consequences in the world of healthcare valuation. Indeed, as Jim Pinna and Matt Jenkins explain in the BVR/AHLA Guide to Healthcare Valuation, "healthcare providers [must] be careful to avoid ascribing value to prior or anticipated referrals when structuring transactions involving business ventures providing services to beneficiaries of federal healthcare programs." In the fourth installment of BVR's Online Symposium on Healthcare Valuation, Pinna and Jenkins join us for a 100-minute presentation explaining the challenges these regulations pose for appraisers. Through an examination of these laws, their histories, and the obstacle they pose to appraisers, Pinna and Jenkins will explain where to find and how to avoid potential land mines.