In an article published by Compliance Today this month, Joe Aguilar and Natalie Bell discuss the complexities behind fair market value of physician compensation agreements.
With the Bureau of Labor Statistics recently reporting job prospects for physicians are outpacing other occupations, and national physician compensation surveys show a rise in physician compensation in most medical and surgical specialties, health systems are fiercely competing for top physician talent in their service area. However, top physician talent often comes at a high price and can reach levels well above the 90th percentile based on national compensation surveys.
So, how much is too much when reviewing a physician’s compensation agreement? This is a question that compliance officers and valuation analysts ask themselves almost daily.
As compliance officers go through the review process, there are key areas that should be considered when determining if the agreement meets fair market value (FMV) requirements. Aguilar and Bell outline the complexities to consider here.
Copyright 2020 Compliance Today Magazine, a publication of the Health Care Compliance Association (HCCA).