| The Valuation of Intangible Assets in the Absence of Positive Net Cash Flows
Program Type: Recorded Webinar (Audio, PPT)
Program Level: Intermediate
Prerequisites: Previous training or research on subject matter being taught.
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: Two (2) Hours
Fields of Study: Business Management & Organization; Economics
Shipping Weight: 0lbs. 0oz.
This webinar will discuss the issue of assigning value to intangible assets of physician practices and how these intangible assets may have value even in the absence of the enterprise having a positive net cash flow. The webinar will address, among other topics: (1) the economic benefits that may exist from the ownership of healthcare intangible assets; (2) the recognition of the value of intangible assets by bankruptcy law; and, (3) how the avoidance of an economic cost is equivalent to an economic benefit.
After completing this webinar, attendees will be able to:
- Explain why intangible assets may have value in the absence of positive net cash flows
- Differentiate between the contrasting viewpoints surrounding the issue of assigning value to intangible assets of physician practices
- Define and articulate the principle of “highest and best use” when valuing intangible assets
Who Should Attend
Appraisers, healthcare consultants, attorneys, and hospital and health system c-suite executives (e.g., CEOs, CFOs, COOs)
Robert James Cimasi, MHA, ASA, FRICS, MCBA, CVA, CM&AA
Mr. Robert James Cimasi serves as chief executive officer of Health Capital Consultants, a nationally recognized healthcare financial and economic consulting firm headquartered in St. Louis, MO, serving clients in 49 states since 1993. Mr.
Cimasi has over 30 years of experience in serving clients, with a professional focus on the financial and economic aspects of healthcare service sector entities including valuation consulting and capital formation services; healthcare industry transactions, including joint ventures, mergers, acquisitions, and divestitures; litigation support and expert testimony; and certificate-of-need and other regulatory and policy planning consulting.
Mr. Cimasi is a nationally known speaker on healthcare industry topics and the author of numerous peer-reviewed articles, chapters in legal treatises and anthologies, and nationally published books, including: Healthcare Valuation: The
Financial Appraisal of Enterprises, Assets, and Services (2014; John Wiley & Sons); Accountable Care Organizations: Value Metrics and Capital Formation (2013; Taylor & Francis); and his most recent book, The Adviser’s Guide to
Healthcare—Second Edition (2015; AICPA).
He served on the editorial board for the Business Appraisals Practice of the Institute of Business Appraisers (IBA), of which he is a member of the College of Fellows; and currently serves on the National Association of Certified Valuators
and Analysts’ (NACVA’s) The Value Examiner editorial board. In 2006, Mr. Cimasi was honored with the prestigious “Shannon Pratt Award in Business Valuation” conferred by the IBA, and in 2011, named a Fellow of the Royal Institution
of Chartered Surveyors. In 2016, Mr. Cimasi was named a “Pioneer of the Profession” as part of the recognition of the NACVA “Industry Titans” awards, which distinguishes those whom have had the greatest impact on the profession.
Jessica l. Bailey-Wheaton, Esq.
Ms. Jessica L. Bailey-Wheaton, Esq. serves as vice president & general counsel of Health Capital Consultants (HCC), a nationally recognized healthcare financial and economic consulting firm headquartered in St. Louis, MO, serving clients in 49 states since 1993.
Ms. Bailey-Wheaton conducts project management and consulting services related to the impact of both federal and state regulations on healthcare exempt organization transactions, and provides research services necessary to support certified opinions of value related to the fair market value and commercial reasonableness of transactions related to healthcare enterprises, assets, and services.
Ms. Bailey-Wheaton is a member of the Missouri and Illinois Bars and holds a J.D., with a concentration in health law, from Saint Louis University School of Law, where she served as fall managing editor for the Journal of Health Law & Policy.