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Fundamentals of Physician Compensation

Get assistance in clarifying and understanding fair market value standards when considering physician compensation.

Many hospitals and/or physicians do not fully understand the regulations that pertain to the Stark Law, Anti-Kickback Statute, or how important it is to understand compensation for a physician at a fair market value level. This topic will provide assistance in clarifying and understanding fair market value standards in considering physician compensation, how to structure physician compensation arrangements which are compliant with the Stark Law and Anti-Kickback Statute, and the key factors in considering fair market value assessments in order to avoid violations resulting in potential penalties and fines. If financial arrangements are not fair market value or commercially reasonable, severe fines and penalties can be imposed, and if the government can prove that the parties intended to induce referrals through such financial arrangement, criminal sanctions, including imprisonment, can be imposed.

Runtime: 89 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Ensuring Your Hospital Has Defensible Fair Market Value Analysis Process

  • Understanding the Definition of the Fair Market Value Analysis Process
  • How to Structure the Process of a Fair Market Value Analysis
  • How to Establish a Defensible Fair Market Value Analysis

Must Organizations Start to Focus on Commercial Reasonableness When Analyzing Fair Market Value?

  • Due to Regulatory Requirements and Changes in the Law, Healthcare Organizations Need to Have Knowledge of the Regulatory Statutes When Considering the Commercial Reasonableness in a Fair Market Value Assessment
  • Regular Review of Financial Arrangements to Verifying Financial Arrangements Are Commercially Reasonable and Compliant With the Stark Law and Anti-Kickback Statutes

How Will Organizations Address Fair Market Value in the Move From Volume to Value?

  • Identify the Key Factors in Evaluating a Fair Market Value With Transition From Volume to Value
  • Recognize Non-Productivity Quality Indicators

Specific Case Study Discussions of Documenting Fair Market Value for Physician Supervision/Collaboration, Administrative Services, Team Based Models of Care, and More

  • Lessons Learned From Recent Prosecutions, Rulings and Settlements
  • Consequences and Penalties for Failure to Report Violations
  • Specific Strategies to Minimize the Risk of a Lawsuit
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on May 14, 2018.

Call 1-866-352-9540 for further credit information.

  • AIPB 1.5
     
  • This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPP/FPC
     
  • Lorman Education Services is an approved provider through the American Payroll Association. This seminar is approved for 1.0 RCHs. PLEASE NOTE: To receive credit through the American Payroll Association for this program you MUST attend the program in its entirety, complete all progress checks and pass the final exam. You cannot obtain credit if you have already completed this course in its live version.
     
  • HR Certification Institute 1.5
     
  • This E-Learning program has been approved for 1.5 recertification credit hours toward general recertification through the HR Certification Institute. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
     
  • SHRM 1.25
     
  • Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.25 PDC(s) for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

  • Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Robert A. Wade, Esq.

Robert A. Wade, Esq.

Barnes & Thornburg LLP

  • Partner in the office of Barnes & Thornburg LLP
  • Practice emphasizes all aspects of health care compliance, including developing, monitoring and documentation of an effective compliance program
  • Currently serves as the compliance expert to the Board of Commissioners of Halifax Health advising the hospital on all aspects of their Corporate Integrity Agreement
  • Has experience in representing health care clients with respect to issues being investigated by the Department of Justice and the Office of Inspector General. Bob has experience negotiating and implementing Corporate Integrity Agreements
  • Assists clients in documenting and defending financial arrangements between health care providers, including referring physicians, as being fair market value and commercially reasonable
  • Has operationally practical experience having served as a General Counsel and Organizational Integrity Officer for a multi-hospital system for 6½ years
  • Conducts regular seminars and workshops on numerous health care law which includes the False Claims Act, Stark Law, and the Anti-Kickback Statute
  • Wrote several publications related to the areas of health care law
  • Best Lawyers In America®, health care law, 2009 to 2014; Indiana Super Lawyers, 2009 to 2015
  • J.D. degree, summa cum laude, The Ohio State University, Moritz College of Law, Columbus, Ohio; B.A. degree, summa cum laude, Bowling Green State University
  • Can be contacted at 574-237-1107 or [email protected]
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 402083
Published 2018
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