LBMC’s 医疗保健 Compensation Valuation team delivers Fair Market Value (“FMV”) opinions. Our services combine detailed understanding of complex financial and regulatory matters with the ability to analyze substantial financial and operational information. Each valuation analyzes the applicable facts and circumstances of the subject arrangement to determine FMV compensation with consideration of the cost, 收入, 以及市场方法.
Here are 6 common fair market value myths to look out for:
1. 依靠基准和调查表格就足够了.
事实: Internal benchmarking and using survey tables is generally a limited approach to evaluating compensation arrangements. There are other factors to consider such as fee schedule changes and the application of various compensation surveys.
考虑: Questions that organization should ask themselves are “Am I using the right survey?” and “Is the survey on the same basis as the physician I’m benchmarking to?” Partnering with a valuation expert that understand these challenges and offers various solutions is an important consideration in establishing an FMV process.
2. 中间值总是FMV.
事实: The services and productivity levels are important value drivers when considering fair market value compensation. Although median market data is useful information to review, FMV的最佳代表是特定的, comparable market data and is unique to each set of facts and circumstances. 一半的医生收入低于中位数.
考虑: When assessing whether compensation per wRVU is FMV, the wRVU’s are a key determining factor. 没有预估wRVU的假设, a compensation per wRVU rate cannot be considered fair market value.
3. Market Survey Compensation only includes Clinical Work.
事实: Reported compensation differs between various surveys and many times includes all forms of compensation, 比如行政管理, 电话和奖金, 等., which makes it imperative to review and understand the makeup of the data for benchmarking purposes. Because of the different types of compensation included in the surveys, 进行叠加分析是至关重要的, 它考虑了所有形式的补偿.
考虑: Many healthcare organizations utilize a valuation firm to assess compensation terms and support their compensation arrangements. Valuators should be familiar with the various sources of survey data and how to opine on clinical and total compensation to address any of the client’s FMV needs.
4. Using an Automated Solution is always expensive and time consuming.
事实: An automated solution such as an FMV Calculator can be a helpful resource when obtaining FMV support. 医疗保健 organizations can save time and money by streamlining their FMV process through an online platform.
考虑: Make sure you’re not spending unnecessary amounts of time and money on getting FMV support. LBMC开发了 脉冲FMV计算器, an automated web-based solution to support various physician compensation arrangements, 包括医生的雇佣, 调用覆盖, 和医疗主管. 要求今天的免费演示!
5. wRVU越高，每wRVU补偿率越高.
事实: Market survey data has shown that busier physicians with higher wRVUs often have lower compensation per wRVU rates. The increasing wRVUs tend to have an inverse relationship with compensation per wRVU since the guaranteed base compensation for physicians with low production is being divided by the number of wRVUs. 资料来源:按生产四分位数划分的基准数据.
6. 区域数据永远是最好的.
事实: Although regional data can be a useful metric to review when calculating FMV opinions, 区域数据的样本量可能很小, and it may not be comparable for a physician in a particular market. Often there can be significant variability in the reported compensation from year to year. 这可能会产生防御性问题, and therefore regional data cannot be solely relied upon for FMV purposes.
考虑: Internal benchmarking with survey data is a simplified approach that does not take into consideration many other facts and circumstances. To assure your process is sound and your compensation is FMV, you should partner with a valuation firm with a long track record in the healthcare industry.
不要被这些和许多其他FMV神话所愚弄. For help moving your organization from fiction to fact, contact the LBMC 医疗保健 Compensation Valuation team: Shareholder Katie Tarr at 凯蒂.tarr@sepon-boutique-resort.com / 615.690.1944年或高级经理尼克·纽瑟德 尼克.newsad@sepon-boutique-resort.com / 615.309.2489或浏览 www.LBMC.com/Compval.