Date: Tuesday, July 17, 2018
10:00am-11:40am PT / 1:00pm-2:40pm ET
Format: A BVR Webinar

Earn 2 CPE credits
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Featuring  (click image for bio)

Timothy R. Smith
TS Healthcare Consulting

About This Program

For many years, the healthcare valuation community has been divided over which approach to value should reign supreme in valuing physician practices. Thought leader Tim Smith claims he has now definitively resolved the debate of why there are such divergent value indications in physician practices. He proposes the issue stems from incorrect application of cost and asset approaches along with the failure to properly reconcile these indications in arriving at a conclusion of value. He claims the resolution is simply a matter of paying attention to the key texts in the valuation body of knowledge and presents alternative strategies consistent with the profession’s fundamentals. The debate, according to Smith, is over. Attend and decide for yourself.


  • Understanding the key economics of physician practices as the prerequisite for their valuation
  • Analyzing deal structures and terms in physician practice transactions
  • Distinguishing the asset and cost approaches in valuing physician practices
  • No asset left behind: accurate use the asset approach
  • Correct application of the cost approach in valuing intangible assets
  • Valuing physician contracts and workforce under the asset, cost, and income approaches
  • Issues in the application of the market approach
  • Reconciling the value indications from the approaches used in the valuation
  • Value under a liquidation premise
  • Special cases and common justifications for hospital-physician deals

Learning Objectives

  • Understand the key issues in the debate about valuing physician practices
  • Apply the asset approach on a comprehensive and complete basis
  • Know and use the generally accepted cost approach for valuing tangible and intangible assets
  • Reconcile value indications to identify inconsistent assumptions in the approaches to value
  • Analyze critical questions in the premise of value

Single Connection Policy

Admission to this event authorizes one computer and phone connection for one location. These connections may be transferred users and/or locations. Multiple concurrent connections for a single admission registration are not allowed.

Multi-User CPE Policy

Admission to this program includes one CPE certificate for one individual. Any additional listeners requesting CPE must pay a processing fee assessed at the completion of the online CE survey for this course.

CPE Processing Fees may be bypassed by entering a valid, unused CPE Authorization Code (for single event purchasers) or by logging into BVR's website (for subscribers to BVR's Training Series).

CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group Internet-Based
Recommended CPE: 2 Credit Hours (Accounting Technical)

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