The Impact of Competitive Forces
In the current era of healthcare reform, valuation professionals advising individuals and businesses should develop and maintain an in-depth understanding of the history and the development of healthcare under the changing reimbursement, regulatory, competitive, and technological environment of the healthcare industry, as well as the unique dynamics of the business arrangements that comprise emerging healthcare organizations, in order to obtain the requisite background for forecasting the future performance of these enterprises, assets and services.
When developing an understanding of the forces and stakeholders that have the potential to drive healthcare markets, valuation professional must examine the professional practice’s enterprises, assets, and services as they relate to “The Four Pillars of the Healthcare Industry” i.e. reimbursement, regulatory, competition, and technology, as these four elements shape the professional practice-provider dynamic, while serving as a framework for analyzing the viability, efficiency, efficacy and productivity of healthcare organizations.
Speaker(s): Steven H. Pratt
Organizer: American Society of Appraisers