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Whether the determination of reasonable compensation is being used in a business valuation, divorce valuation, or an employment setting, "Survey Says" has become as popular in compensation valuation as it is in the game show Family Feud. This seminar introduces a new paradigm for the evaluation of physician fair market compensation based on hundreds of hours of research, modeling and writing by Mark Dietrich, a nationally recognized author, speaker and expert in the field of healthcare valuation, with input and assistance from Timothy Smith of Ankura Consulting, a nationally recognized expert on physician compensation valuation. Mark and Tim will provide a review of the new methodology and both speakers will be featured in the forthcoming 4th Edition of the Guide to Healthcare Industry Finance and Valuation. Gain valuable insight to the topic of physician compensation and the components that are critical to valuation, personal and practice goodwill, and commercial reasonableness assessments.
Program Agenda
MGMA Physician Compensation and Production Survey and fair market value compensation analysis: appropriate use of data
Use of physician demographics and data for assessing medians
Understanding how physicians are paid for their services under RBRVS and RVUs
Local market rates per RVU using CPT ® frequency distribution reports and insurer payment data
Repricing historical RVUs to produce market-best compensation
Avoiding a commercial reasonableness attack
Learning Objectives
Review the MGMA Physician Compensation and Production Survey including discussion on what is and is not included
Learn about the data sources available you should be using to assess supply and demand for physician services.
Understand the different resources for calculating the RVUs and the component types.
Understand the different RVU components to gain insight into the return on labor versus the return on ownership
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