Federal laws require all physician contract payments to be commercially reasonable and paid at fair market value (FMV). However, many provider organizations struggle to consistently document FMV, particularly in both a cost-effective and scalable way. Obtaining valuations for each transaction may mitigate most risks, but that’s an expensive proposition, considering the large number of physician contracts at most healthcare organizations.
However, healthcare organizations can support internal compliance initiatives and enhance consistency across their enterprises by adopting robust physician compensation governance policies, processes, and technology.
In this article for Compliance Today, ECG’s Allison Pullins identifies the most common pitfalls we see in physician transactions and explains how to address them.
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This article was originally published by the Health Care Compliance Association in Compliance Today with coauthor Brian Colonna.
