Fair Market Value: Legal, Theoretical and Practical Considerations
Tuesday, May 8, 2012
- Location -
Drinker Biddle & Reath LLP
1177 Avenue of the Americas - 41st Fl.
New York, NY 10036
FOR THE FIRST TIME:
New York State Bar
Food, Drug and Cosmetic Law Section
American Health Lawyers Association
Life Sciences Practice
JOINTLY SPONSOR A
NETWORKING LUNCH-LIVE MCLE
FAIR MARKET VALUE: LEGAL, THEORETICAL AND
What is the “fair market value” (FMV) for
services provided by a healthcare professional (HCP)? Why should we
care? What are the issues and challenges when determining FMV for HCPs?
How much is too much?
In the Life Sciences Industry, it is commonplace for
companies to engage healthcare professionals (HCPs) as consultants. More
often than not, these HCP consultants are also in a position to
purchase, prescribe or recommend the use of a company’s
product(s), which can pose significant legal risk for the company if the
arrangements with the HCPs are not handled properly. In addition, we
have entered a new era of transparency and disclosure, where the spend
on HCPs must be reported in accordance with several state laws and the
new federal sunshine provisions under the Patient Protection and
Affordable Health Care Act. These obligations, in addition to the
continued government scrutiny of life science companies, require a
renewed focus on FMV and the bona fide nature of services when engaging
physicians and other HCP consultants.
In this interactive session, panelists will explore
the legal issues, practical business concerns and a theoretical approach
to addressing the FMV conundrum. They will also discuss the very real
issue of the HCP that demands more than the company’s established
fee for a service.
Attendance at this meeting offers 1.5 NY MCLE credit
hours in the Professional Practice. This program does not qualify
for newly admitted attorneys in NY. CLE for other states will also
The last day to pre-register online was May 6, 2012.
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contact the New York State Bar Association at 800-582-2452 or email@example.com.
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