In the pantheon of business appraisal subjects, physician practices stand alone. The subject of intense regulatory scrutiny, rapid economic change, and operational peculiarities, these businesses are ripe for valuation – and valuation errors. According to valuation expert Tim Smith, in applying standard valuation methods to physician practices, many appraisers are misrepresenting the economics of value in this industry and ignoring key adjustments and recalibrations that would ensure an accurate determination of value. Join Smith in Part 9 of BVR's 2014 Online Symposium on Healthcare Valuation to learn more.

• Physician Practice Economics 101
• Misapplications under the Income Approach
• Misapplications under the Asset-Based Approach
• Misapplications under the Market Approach

• Identify common mistakes in applying traditional valuation approaches to physician practices
• Define the characteristics of physician practices that make them ripe for valuation error
• Associate basic valuation techniques with proper physician practice valuation approaches
• Identify best practices in valuing physician practices