The Four Pillars of Healthcare Valuation
Salt Lake City, USA, 14th October 2016 / Sciad Newswire / The Institute for Healthcare Valuation (IHV) and Consultants’ Training Institute (CTI) are pleased to announce premier healthcare valuation training through a distance education program, the Certificate of Educational Achievement (CEA) for Advanced Education in Healthcare Valuation. The program will launch in the summer of 2017 and will bridge the interdisciplinary nature of healthcare valuation to include: the Four Pillars of Healthcare (regulatory, reimbursement, competition, and technology); the market forces shaping the U.S. healthcare industry; and the valuation of healthcare enterprises, assets, and services. Legal professionals and healthcare providers, as well as those wishing to expand their scope of activities in healthcare valuation engagements and those seeking to enhance their current healthcare valuation service lines, will gain comprehensive knowledge through the expansive program.
“In the current volatile regulatory environment, with the consolidation of hospitals, physicians, and other providers, the determination that the arrangements do not exceed Fair Market Value and are commercially reasonable are essential safeguards for the parties entering into these vertical integration transactions. It is critical that experienced, well-trained valuation professionals consult and collaborate with regulators and legal professionals before establishing and promoting so-called accepted methodologies and approaches,” states nationally-known healthcare attorney, David W. Grauer, Esq., of Jones Day. “Valuation is a branch of financial economics, and it can be short-sighted and dangerous to develop an appraisal that does not reflect the economic foundations of the transactional elements to which statutes, regulations, and case law apply,” he continues.
The program has been developed and is being presented by industry thought leaders Robert James Cimasi, MHA, ASA, MCBA, FRICS, CVA, CM&AA, Chief Executive Officer, and Todd A. Zigrang, MBA, MHA, FACHE, ASA, President of Health Capital Consultants (HCC), alongside a blockbuster faculty made up of healthcare subject matter experts from the legal, federal regulatory, and valuation professions. According to Todd Zigrang:
“With the rapid sea of change resulting from the most recent iteration of healthcare reform and environmental drivers, the once well-defined, relatively stable business landscape of U.S. healthcare delivery now presents an unpredictable milieu of new provider consolidations and configurations, reimbursement strategies, and tactics to which the healthcare industry must adapt, and which impacts how those healthcare enterprises, assets, and services are appraised.”
The training is comprised of eight core modules covering basic valuation tenets, competitive forces in healthcare, an overview of the regulatory environment, technological advancements in the industry, changes in reimbursement, development of a commercial reasonableness opinion, inpatient and outpatient enterprises, valuing intangible assets and tangible personal property, and the classification and valuation of healthcare services. Attendees will be able to customize their training by selecting from elective courses complimented by a robust series of topical webinars. Attendees who successfully complete the course requirements, assessment quizzes, and interactive case study will earn a CEA. As noted by Robert James Cimasi:
“The significant amount of time devoted to the discussion of healthcare during the 2016 U.S. Presidential Election is indicative of the importance of the U.S. healthcare industry, which is now approaching one-fifth of the U.S. gross domestic product. Regardless of the outcome of the election, healthcare industry valuation experts will remain in demand during this turbulent period in the healthcare industry, and specialized training for these experts will become more important to equip themselves to appraise healthcare enterprises, assets, and services.”
Upcoming Healthcare Valuation Webinars
Monday, November 8, 2016, at 8:30 a.m. MT
The Valuation of Intangible Assets in the Absence of Positive Net Cash Flows
This webinar will address the economic benefits that may exist from the ownership of healthcare intangible assets; the recognition of the value of intangible assets by bankruptcy law; and how the avoidance of an economic cost is equivalent to an economic benefit.
Wednesday, November 30, 2016, at 1:45 p.m. MT
Can’t See the Forest for the Trees—Misapplication of Economic Theory to the Increasing Regulatory Trend Against Vertical Healthcare Integration
This webinar, part of the Best of 2016 Online Conference, will examine the current regulatory environment surrounding vertical integration transactions in the healthcare industry, and detail the flawed premises that have ignored the economic principles in healthcare system delivery realities and resulted in increased scrutiny.
For more information, contact:
Brien K. Jones
CEO and Executive Vice President, NACVA
T: (801) 486-0600
Notes to Editors
The National Association of Certified Valuators and Analysts® (NACVA®) is a global, professional association that delivers training and certification in accounting and financial consulting fields such as business valuation, financial litigation, expert witnessing, forensic accounting, fraud risk management, mergers and acquisitions, business and intellectual property damages, fair value, healthcare valuation and consulting, and exit strategies. NACVA has nearly 7,000 members worldwide and operates international chapters in Africa, Canada, Europe, the Middle East, Taiwan, and the U.S. all supporting the globally recognized Certified Valuation Analyst® (CVA®) certification. Other professional certifications offered by NACVA include the Master Analyst in Financial Forensics™ (MAFF®) and the Accredited in Business Appraisal Review™ (ABAR™). The Consultants’ Training Institute® (CTI®), the training affiliate for the NACVA, has transformed the careers and practices for thousands of accounting and financial consulting professionals worldwide since 1991. Focused on practitioner-centric training and certification in the profession’s hottest growth niches, CTI offers solutions to meet these challenges and presents opportunities to expand and grow.
HCC is a nationally recognized healthcare economic and financial consulting firm based in St. Louis, MO. Founded in 1993, HCC specializes in healthcare valuation consulting; financial analysis, forecasting and modeling; litigation support and expert testimony; mergers and acquisitions; certified intermediary services; provider integration, consolidation and divestiture; certificate-of-need and other regulatory consulting; and industry research services for healthcare providers and their advisors. CEO Robert James Cimasi, and President Todd Zigrang, are widely-acknowledged instructors and educators for advanced education in healthcare valuation, and have authored numerous books; the latest of which include: The Adviser’s Guide to Healthcare—2nd Edition [2015—AICPA]; and, Healthcare Valuation: The Financial Appraisal of Enterprises, Assets, and Services [2014—John Wiley & Sons]. In 2006, Mr. Cimasi was honored with the prestigious Shannon Pratt Award in Business Valuation conferred by the Institute of Business Appraisers (IBA), and in 2016, he was named a Pioneer of the Profession as part of the recognition of the NACVA Industry Titans awards, which distinguishes those whom have had the greatest impact on the profession.
For more information regarding the premier online healthcare valuation education program, call CTI at (801) 486-0600. Further details regarding the CEA program will be forthcoming.
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