Timothy R. Smith, CPA/ABV
Director of Professional Practice
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HealthCare Appraisers, Inc. TEL: (469) 519-1201 |
Tim Smith is the Director of Professional Practice for HealthCare Appraisers, Inc. His prior experience includes working for more than 14 years at Hospital Corporation of America, Inc. (HCA), the nation’s largest hospital company. During his tenure at HCA, he performed regulatory compliance reviews and evaluations on hundreds of third-party appraisals that were prepared by nearly two dozen appraisal firms for business and asset acquisitions and divestitures, service contracts, leasing agreements, and other forms of compensation arrangements. Tim was also the chief architect of HCA’s qualification review process and uniform scope and engagement requirements for third-party appraisers. His HCA experience also included managing contractual negotiations, due diligence, and the outside appraisal process for hundreds of physician practice acquisitions and divestitures.
Prior to working for HCA, Tim operated his own business consulting practice, served as the general accounting manager for a computer manufacturing company, and was an auditor for Arthur Andersen & Company. He holds the Accredited in Business Valuation (ABV) certification from the American Institute of Certified Public Accountants (AICPA).
Practice Areas
Tim is involved in numerous types of healthcare valuation analysis, including:
- Medical director/thought leader compensation
- Compensated call coverage
- Physician employment arrangements
- Service, management and independent contractor agreements
- Equipment use (and “per use”) arrangements
Credentials
- Certified Public Accountant – licensed in Texas and Oklahoma
- Accredited in Business Valuation (ABV), American Institute of Certified Public Accountants (AICPA)
Education
- University of Dallas, Ph.D. student, Political Philosophy
- University of Dallas, Master of Politics
- University of Oklahoma, Bachelor of Business Administration in Accounting
Prior Professional Affiliations
- HCA Physician Services, Dallas, TX, Manager of Development
- Hitachi Computer Products (America), Inc., Norman, OK, General Accounting Manager
- Arthur Andersen & Company, Oklahoma City, OK
Publications & Presentations
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Developed and instructor for Day Three Workshop – Understanding, Structuring and Valuing Physician Compensation Arrangements as part of the 4-day Healthcare Consulting Workshop, Consultants’ Training Institute (CTI), (CPE Fields of Study: 8 hours – NACVA certification), Fall, 2011.
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Webinar Co-presenter with Ann S. Brandt, PhD, Senior Director, and Jason L. Ruchaber, ASA, CFA, Partner, HealthCare Appraisers, Inc. – Fair Market Value – Ensuring Compliance in the Life Sciences, Webinar hosted by Business Valuation Resources, August 23, 2011.
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Co-presenter wiith Mark Dietrich, CPA, Business Valuation Resources - Fair Market Value Issues in Physician Practice Acquisition and Employment Deals by Health Systems. 2010 AICPA National Healthcare Industry Conference, Las Vegas, NV, Nov 11-12, 2010.
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Co-presenter with Robert Wade, Partner, Baker & Daniels – Avoiding Fair Market Value Pitfalls, HCCA Compliance Institute 2010, Dallas, TX, April 19, 2010.
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Presentation – Physician Compensation: You Get What You Pay For. AICPA National Healthcare Industry Conference, Scottsdale, AZ, September 25, 2009.
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Teleconference featuring Timothy R. Smith, CPA/ABV – BVR's Teleconference Series on Healthcare Valuation (#2 of 3). Business Valuation Resources, June 23, 2009.
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Presentation by Timothy R. Smith, CPA/ABV – Establishing FMV for Healthcare Compensation Arrangements. Florida Institute of CPA’s (FICPA) Health Care Industry Conference, Orlando, FL, April 23-24, 2009.
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Fair Market Value: Ensuring Compliance within the Life Sciences Industry (with Ann S. Brandt, PhD and Jason L. Ruchaber, CFA, ASA), BVR’s Guide to Healthcare Valuation 2009 Edition, Business Valuation Resources, LLC, November, 2008.
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Valuing Medical Director Services (with Andrea M. Ferrari, JD, MPH), BVR’s Guide to Healthcare Valuation 2009 Edition, Business Valuation Resources, LLC, November, 2008.
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Presenter - Working with Consultants – Part 1: Valuation Consultants (with Daryl P. Johnson, HealthCare Appraisers, Inc. & Gregory M. Luce, Jones Day), Teleconference American Health Lawyers Association, April 23, 2008.
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Presenter - Three Key Valuation Issues in Fee-per-Use Facility/Equipment Leasing Arrangements, HCA Valuators Symposium, May 24, 2005, Nashville, TN.
