Lost profits damages for doctors takes surgical care
In disputes concerning lost profits for medical practices, experts should assess the key component–physician compensation—“both in terms of volume and reimbursement rates, based on the unit of service provided and net revenue per type of service,” James Lloyd (PYA Pershing Yoakley & Assoc.) told listeners during BVR’s recent webinar, Lost Profits Damages in Medical Practices. [...]
Debate on the size premium continues; so does analysis of vital healthcare sector
On August 25th Jim Harrington (Duff & Phelps) and Ted Israel (Ekhoff Accounting) will join BVR for “The Overlap of Company-Specific Risk and the Size Premium.” The expert duo will examine new research suggesting that double-counting of some company-specific risk measures may be occurring, particularly if these risks are already embedded in a subject company’s [...]
Dental practice valuations get drilled in court
Over the past few months we’ve added a surprising number of cases involving the valuation of dental practices to BVLibrary and BVLaw. The courts have considered the value of goodwill, the requirements of qualifying a small dental practice ESOP, and an appraiser’s credentials and credibility in cases such as: In re Marriage of Bruns, 2011 [...]
Randy Biernat shares physician/hospital contract valuation checklist
In last week’s BVR webinar “Valuing Management Services Contracts Between Physicians and Hospitals” Randy Biernat (Katz, Sapper & Miller) shared with listeners the checklist he uses when starting these types of valuation engagements: Determine FMV requirements Document jurisdictional exceptions to FMV Identify parties to agreement Document purpose of arrangement Identify method of compensation Consider and [...]
Avoid standard healthcare benchmarks if you get an imaging center engagement
“Valuing a diagnostic imaging center is very different from valuing any other healthcare enterprise,” Douglas Smith (Barrington Lake Group LLC) told listeners yesterday during the BVR webinar Imaging Centers: Lessons from an Industry Expert. The diagnostic imaging center industry is “changing like crazy,” says Smith, and the centers’ unique structures require intense analysis. Listed below [...]
BVResearch and WMA add new content on healthcare reform and valuation
We’ve just posted numerous new articles from Insights, the esteemed valuation quarterly published by Willamette Management Associates and provided exclusively to subscribers of BVResearch. The new content includes special-focus articles on healthcare reform. A sample of the new articles includes: “Key Considerations in Market-Driven Collaborative Medical Services Arrangements,” by Charles Wilhoite (Willamette Management Accociates) “Joint [...]
New 12-part healthcare valuation CPE series
You won’t find better guidance to navigate any healthcare valuation assignment than BVR’s Online Symposium on Healthcare Valuation. Running throughout 2011, this twelve-part series features contributing authors to The AHLA/BVR Guide to Healthcare Valuation discussing the most relevant and changing topics in the industry. Join us for part one, “One Year Later: Assessing the Impact [...]
Valuing healthcare AR: Can you spot the errors?
The owner of several dialysis centers in San Antonio sold to a national provider in 2006. But the parties couldn’t account for the pre-sale accounts receivables (AR) and wound up in front of a jury, which awarded the plaintiff/seller $750,000 based on expert testimony (that calculated damages as high as $2.8 million). The defendant’s challenged [...]
Despite non-compete, patient records are ‘professional goodwill’
BVWire’s recent report on McReath v. McReath (BVWire # 96-2) reported that the Wisconsin Court of Appeals may have just revised the majority rule on the disposition of private practice goodwill to say that all salable goodwill is a marital asset, subject to division, whether corporate or professional. Further, a non-competition agreement can serve as [...]
Updated survey offers valuation benchmarks for ambulatory surgery centers
Within the healthcare industry, ambulatory surgery centers (ASCs) are some of the most common physician-owned entity types. Consequently, there is frequently a need to determine the value of these shares as new physicians buy-in and retiring physicians depart. For the past 17 years, HealthCare Appraisers Inc. has interviewed ASCs to determine trends in the value [...]
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