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The Stark regulations have been updated. What has changed and how does it impact value? Mark Dietrich and Tim Smith were two major contributors of public comments to the Centers for Medicare & Medicaid (CMS) for the updated Stark regulations with over 100 pages of newly written material that was influential in the development of the final regulatory definitions for FMV and commercial reasonableness. In addition, they included over a dozen chapters from the BVR/AHLA Guide to Valuing Physician Compensation and Healthcare Service Arrangements as industry feedback for CMS to consider. Mark and Tim also participated in two stakeholder calls with CMS, fielding probing questions from the agency about both topics. Get the inside story of the feedback they gave to CMS as they step you through how CMS did or did not respond to their comments. More importantly, they’ll give you an in-depth and critical look at the final regulations and related commentary. They’ll organize the final regulations into systematic content for use in business and compensation valuation going forward. Don’t expect the usual high-level overview and general discussion that you’ll hear from other webinars. This webinar will be a rigorous and deep-dive examination of the new regulations and what they mean.
Program Agenda
The importance of participating in the public comment period: CMS does listen
The new structure for fair market value (FMV) and general market value (GMV) definitions
The new definition of FMV
The new definition of GMV
CMS guidance on valuation methodology
CMS guidance on the use and misuse of survey data for physician compensation
Practice losses in the new FMV/GMV framework
How the new Stark FMV/FMV contributes to the coming survey “apocalypse”
Learning Objectives
Understand the new definitions of FMV and GMV
Examine the criteria for valuation methods under the Stark regulations
Apply the new framework for using and not using survey data
Evaluate the impact of practice losses on FMV analysis
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