ACMPE Article Assessment - Value judgments: Considerations and pitfalls in medical directorship and call valuations

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* 1. Valuations normally happen to accomplish the following:

Valuing the business

Valuing services

Prove commercial reasonableness

All of the above

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* 2. Once an outside Fair Market Value (FMV) is determined, a practice never has to worry about that valuation being subject to litigation

True

False

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* 3. The income approach: Looking at income derived from a business or commercial property or — in the case of services — the income of services provided.

True

False

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* 4. Since each market has its own dynamics, the valuator and the practice must agree whether to use regional or national data.

True

False

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* 5. Factors that contribute to valuing Medical Directorships:

Differentiating administrative service pay and clinical service pay

Data sources not differentiating between employed physician rates and independent physician rates

The need to determine which percentiles to use

All of the above

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* 6. Restricted call doesn’t require a physician to be on campus.

True

False