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Fair Market Value Audiotape
   recorded September 9, 2003

Faculty: Dan Mulholland & Henry Casale

In today's jungle of confusing and conflicting health care regulations, the most rewarding trophy for any compliance effort to capture may be "Fair Market Value." Unfortunately, this beast (along with its wily cousin, "Reasonable Compensation") is one of the most elusive creatures known to the industry. Regulators won't define it, attorneys won't opine on it, and consultants will charge an arm and a leg to estimate it, and then only with myriad qualifications.

And yet, compliance with OIG Safe Harbors, the Stark Law and IRS regulations often hinges on whether fair market value changes hands or reasonable compensation is paid in transactions between hospitals and their physicians, managers and board members. Knowing that fair market value is present can literally make the difference between a good night's sleep and a year in Club Fed.

Fortunately, two intrepid explorers, HortySpringer partners, Henry Casale and Dan Mulholland, have teamed up with legendary valuation guru, Charlie Day, to not only track down this prey, but also reveal its secrets to you in this unique audio presentation.

For the first time, you will witness fair market value and reasonable compensation in their native lairs. You will learn about their common traits, how they can be tagged and documented, and how they can be tamed to be helpful servants of your compliance program, instead of ravenous predators in the hands of bureaucrats or whistleblowers.

The topics covered in this audio CD include:

  • Conflicting concepts of fair market value and reasonable compensation – and how to reconcile them.

o Stark law
o Anti-kickback Safe Harbors
o Excess benefit transaction law
o Private inurement

  • What the IRS tells its auditors – but won't tell you!
  • How the DOJ and whistleblowers received their comeuppance in a recent case.
  • The new 2004 RCE limits – friend or foe?
  • Best benchmarks for physician compensation, and how to apply them in the following circumstances:

o employment arrangements
o medical directorships
o recruitment contracts

  • Productivity-based compensation – is it legal and what is reasonable?
  • Understanding business enterprise valuation – the myths and realities.
  • Can a losing business have goodwill value? An analysis of the Carracci case.
  • What about "per click" deals?
  • A practical approach to establishing and documenting fair market value and reasonable compensation.
  • Valuing restrictive covenants and other intangibles.

This audio CD is a must for compliance officers, health care lawyers, CEOs, CFOs, consultants, medical directors and others who are on the front line of transactions between hospitals and physicians. It will also be of interest to medical staff leaders, physician recruiters and medical staff professionals who need to understand why hospitals are limited in what they can pay doctors and why those limits matter to the physician as well as the hospital.

Audio CD: $225

ORDER NOW

With purchase, you will receive online access to
supplementary materials.

Questions? Contact us via E-mail or call 1-800-245-1205