Fair Market Value of Physician Compensation
Fair market value (FMV) compliance for contractual compensation is an ever-present and increasingly complex requirement in transactions with physicians and other referrers. You want your hospital or health system to be in control of FMV compliance on a comprehensive basis. BKD has the experience to instill confidence in your health care organization with respect to FMV matters.
Our consultants believe in evaluating compliance risk globally within a predefined framework. We will work with you to fit each arrangement within a global compliance plan. Working with your team to identify the right level of guidance, we can:
- Help you develop an FMV compliance process
- Provide a high-level annual evaluation of the FMV status of all physician transactions
- Address new physician transactions with an appropriate level of risk-adjusted service
BKD’s FMV advisors have experience in numerous types of regulated hospital-physician relationships, including the following:
- Employed Physicians
- On-Call Arrangements
- Medical Direction
- Clinical Joint Ventures
- Co-Management Arrangements
- Physician Leases (PSAs)
- Executive Compensation
Whether your organization is planning for new physician arrangements or Stark compliance pursuant to the Medicare Self-Referral Disclosure Protocol, contact a BKD representative to find out how we can help your health care organization with FMV services.