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As Timothy Smith points out in the BVR/AHLA Guide to Healthcare Industry Compensation and Valuation, the preponderance of compensation data has made market-based approaches to healthcare compensation prevalent. Yet behind the apparent objectivity of these studies lie many nuances and considerations which could greatly affect the conclusion of value if not properly considered.
In Critical Issues in the Use and Application of Market Survey Data and the Market Approach in Healthcare Compensation Valuation, part 6 of BVR's 2013 Online Symposium on Healthcare Valuation, Smith will address what every appraiser needs to know when applying data from compensation surveys. As they say, the devil is in the details, and Smith's revelations about the make-up of market data will push appraisers to take a hard look at the basis of their market-based compensation assessments.
Program Agenda
General considerations in using market data for compensation valuation
Critical issues in the use of market survey data
Critical issues in the use of individual transaction data
Conclusion: key takeaways
Learning Objectives
Learn about the make up of compensation surveys and what information may not be apparent in the data
Learn how to properly utilize this data for compensation valuations
Learn what information is and is not included in individual transaction data
Learn how to account for idiosyncrasies and other nuances of data
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The Guide offers the first comprehensive body of knowledge for the emerging appraisal discipline of compensation valuation (CV) in the healthcare industry. It includes 42 chapters and five practice aides, presenting a systematic treatment of both the theory and practice of CV. This is a must-have text for appraisers, consultants, attorneys, and industry participants who deal with physician compensation arrangements in healthcare. Written by various subject-matter experts and thought leaders, this new Guide is expected to become the industry's touchstone for the appraisal discipline of CV.
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