Healthcare is the single largest segment of the U.S. economy, and its growth continues despite larger economic woes. The financial aspects of this industry are perhaps the least understood, and continue to present challenges to business appraisers of all stripes called to value the many forms of companies comprising the healthcare field.

In Part 2 of BVR's three part series on Healthcare, three contributors to the recently released BVR's Guide to Healthcare Valuation, will join co-editor Mark Dietrich to discuss three of the most common but complex areas of the healthcare industry. Following presentations by Douglas Smith on Imaging Centers, Timothy Smith on Physician Compensation, and Mark Dietrich on Physician Practices, moderator Carol Carden will lead this distinguished panel in discussion and live audience Q&A. For any appraiser practicing in this fickle industry, the knowledge and insights of these four experts will prove invaluable.

• Introduction and welcome to Healthcare valuation
• Physician Compensation with Timothy Smith
  • What is compensation valuation (CV)?
  • Why is CV important for healthcare regulatory compliance purposes?
  • How do concepts from the business valuation body of knowledge apply to CV?
  • What are some of the unique considerations in valuing compensation arrangements in the healthcare setting?
  • What are the major challenges for appraisers working in the area of CV?
• Diagnostic Imaging Center Valuation with Douglas Smith
  • The unique structure of diagnostic imaging centers requiring analysis
  • Primary unique influences on diagnostic imaging entity revenue streams
  • Regulatory measures impacting the valuation and operation of imaging centers
  • Third party payor trends and considerations when forecasting reimbursement
  • Influences to consider when projecting infrastructure expenses
  • Pitfalls of imaging center valuations
• Understanding and Quantifying Key Elements of Medical Practice Valuation with Mark Dietrich
  • Specific Risk Factors
    • Quantification via normalization in the discount rate
  • Growth rates
  • Medicare, underwriting, and influences on future cash flow
  • Applying physician compensation considerations to the practice valuation
• Discussion
• Live Q&A

• Develop the knowledge and techniques to properly value physician compensation, imaging centers, and physician practices
• Learn the trends and changes taking place within the healthcare field and how they will impact your next valuation engagement
• Understand which valuation tools are appropriate for various healthcare appraisals, and how to properly apply each while avoiding the pitfalls they present
• Separate necessary information from the unnecessary: clarify what valuation considerations need to be made within these specific healthcare fields