New Healthcare Valuation Certificate: A Closer Look

The Four Pillars of the Healthcare Industry, i.e., reimbursement, regulatory, competition, and technology, shape the dynamic by which providers and enterprises operate within the current transactional environment, while also serving as a conceptual framework for analyzing the viability, efficiency, efficacy, and, ultimately, the value which may be attributed to property interests, whether enterprises, assets, or services. The ASA HSIG PROGRAM (in particular, the 2 day in-person course) is organized and presented in accordance with this construct and is structured to reflect the framework of the Four Pillars concept.

The Four Pillars of the Healthcare Industry, i.e., reimbursement, regulatory, competition, and technology, shape the dynamic by which providers and enterprises operate within the current transactional environment, while also serving as a conceptual framework for analyzing the viability, efficiency, efficacy, and, ultimately, the value which may be attributed to property interests, whether enterprises, assets, or services. The ASA HSIG PROGRAM (in particular, the 2 day in-person course) is organized and presented in accordance with this construct and is structured to reflect the framework of the Four Pillars concept.

ASA’s new Multidisciplinary Advanced Education in Healthcare Valuation Program was recently launched offering a multidisciplinary approach to education. We sat down with the program’s Chair,  Robert James Cimasi, ASA who gave us a closer look about the program and why it’s such a milestone in ASA education. Read more below.

Why Healthcare and why now?

The healthcare industry is very broad and makes up about 20 percent of our economy. It continues to evolve and become more and more important to our economy. Right now, with the passage of the Affordable Care Act, (also known as Obama Care), this the most significant change in Healthcare to happen since the passing of Medicare and Medicaid in 1965. With that passage of a lot of things have and will change particularly with regard to what we call the four pillars: Regulatory, Reimbursement, Technology, and Competition.

Because of those changes and those that are forthcoming, it makes this program both relevant and timely.

What makes this program so unique?

The ultimate objective of the ASA Multidisciplinary Advanced Education in Healthcare Valuation Program is to foster the development of credible valuation opinions in the healthcare industry.  The unique aspect of this particular program is that it focuses on how various appraisal disciplines can work together to achieve that objective.

Students will be:

  1. Presented with a multidisciplinary framework for analyzing healthcare enterprises, assets, and services;
  2. Introduced to the primary value drivers, methods, and approaches for the appraisal of healthcare enterprises, assets, and services;
  3. Equipped with a broad perspective, and in-depth understanding, of “The Four Pillars of the Healthcare Industry”, as they apply to general valuation principles and analytical processes; and,
  4. Informed as to how to efficiently and seamlessly work with other professionals from within the various valuation disciplines to better address client needs in an ethical manner.

Why should our members take this program?

All the disciplines will have an interest in this program. If you are involved in appraising a Healthcare enterprise, there are going to cross over with almost every discipline our membership represents.

The program is multidisciplinary in nature and professionals from all valuation disciplines are encouraged to participate, as well as, hospital financial officers, physician executives, legal professionals, government agency regulators, accountants, and non-ASA designated appraisers.

By participating in ASA’s Multidisciplinary Advanced Education in Healthcare Valuation Program, qualified healthcare valuation professionals will be able to further develop and demonstrate a level of knowledge that will allow them to better serve clients, and the public, in an informed manner that distinguishes their work with an in-depth understanding of the key regulatory, reimbursement, competitive, and technological factors of the healthcare industry.

Clients and users of healthcare valuation services will be better served in identifying and relying on experienced valuation professionals who have a higher level of healthcare industry expertise.

How was the content for this program selected or created?

The content for the program is based on the principles of the different disciplines’ POV courses and research on the driving economic and financial forces of the healthcare industry.

What’s one thing that our readers should know about the new Program?

The ASA HSIG program is a timely program taught by knowledge base experts to present a cost effective subject specific educational program on healthcare valuation. The in-person session will feature luminaries from the legal, hospital, healthcare industries and top-flight academia as well.

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