Natalie Bell
Natalie Bell

Natalie Bell

Partner—MBA, CVA
10 Glenlake Parkway, Suite 130A, Atlanta GA 30328

Value At Work


Natalie Bell joined HMS Valuation Partners in early 2010. Throughout her 25-year career, Natalie has completed over a thousand of valuation engagements in the healthcare industry and has developed comprehensive experience performing financial analysis, economic research, modeling and projections in various industries. Her primary area of focus at HMS involves fair market valuation opinions for compensation arrangements including employment agreements, professional service agreements, and coverage arrangements.


Before joining HMS, Natalie was a VP in the banking industry serving as both a Portfolio Manager and as a Senior Credit Analyst/Underwriter, overseeing numerous high-profile, multi-million-dollar banking relationships. She also spent several years in the legal industry as the Manager of Financial Reporting for law firms that ranked in Am Law’s Top 200. At Phelps Dunbar LLP, she was responsible for budgeting, forecasting, cost accounting and partner compensation, and later at Adams & Reese LLP, she also performed profitability analysis and merger & acquisition work.  Natalie began her career in academia performing economic analysis and modeling at the University of New Orleans Division of Business & Economic Research and as an intern for a privately-owned investment advisory group.

Natalie earned an MBA with a concentration in Finance, as well as a B.S. in Economics from the University of New Orleans. She is designated as a Certified Valuation Analyst (CVA).

Professional Memberships / Certifications:

  • National Association of Certified Valuators and Analysts
  • American Health Lawyers Association
  • National Association of Business Economists 


Natalie delivers an above and beyond approach to her work. Clients appreciate her depth of knowledge and understanding of their unique deals both inside and out. Natalie provides the ability to resolve her client’s concerns, find the “right” solution, and put her clients at ease in a fast-paced, rapidly changing environment.

Value Outside Work

My favorite things to do as a kid were. . .
Spend time with all kinds of animals. I had a dog, cat, fish, rabbits, turtle, iguana, ferret, chinchilla, and exotic birds as pets. We rescued and released a baby opossum, raccoon, and crow. I also remember as a kid touching alligators, snakes, stingrays, sharks, an elephant, a hippo, giraffes, and baby nutria.

As a big kid, I like to. . .
See my kids enjoy animals as much as I do. We only have a dog, fish, hermit crabs, and a bat house at home, but we find ways to encounter as many animals as possible and learn how we can help them. 

One of the things I hope to do. . .
Is see my kids have a positive impact on the people and animals around them. Petting a baby tiger cub would be pretty awesome too!

Related Articles

January 8, 2020

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…

November 17, 2019

Employment agreements with physicians in your organization often involves the payment of a sign-on bonus or a retention bonus. Questions often arise around how to handle these payments in terms…

April 5, 2020

MGMA Insight Article published April 2020  Blanket Start Waiver On March 30, 2020, the Department of Health & Human Services (HHS) issued a blanket Stark Law waiver addressing a variety…

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