Timothy Smith, CPA/ABV

The mission of TS Healthcare Consulting (TSHC) is to make healthcare more economical through improved approaches to compliance that reduce cost, streamline organizational processes, and foster a culture of business intelligence activity.

TSHC is the healthcare valuation and consulting practice of Timothy Smith, CPA/ABV.

  • Tim began his career in the healthcare industry in 1994 after working in public and industry accounting for several years. In healthcare, he has served in a variety of valuation and transaction advisory roles, with a focus on physician-related transactions and determining fair market value (FMV) for regulatory compliance purposes. His healthcare industry experience includes more than 14 years with the Hospital Corporation of America (HCA) where he designed and managed HCA’s FMV compliance program for outside valuations as part of the company’s corporate integrity agreement (CIA) with the U.S. Government. During his tenure at HCA, he reviewed hundreds of business and compensation valuations with a focus on healthcare regulatory compliance. He also negotiated physician practice acquisition and divestiture transactions, performed transactional due diligence, and held the designation of an ethics and compliance officer. In addition, his HCA experience included significant involvement in reviewing and drafting transaction agreements and documents.

    In late 2008, Tim became a practicing valuator and consultant in the healthcare industry. He has led the healthcare valuation practice for two national consulting firms, including both the business valuation and compensation valuation disciplines. At TSHC, Tim focuses on healthcare business and compensation valuation, along with a unique scope of consulting services focused on business intelligence analysis and FMV risk management. He also provides expert services for healthcare litigation matters, including healthcare whistleblower cases in which he has served as an expert for the Department of Justice, qui tam relators, and the defense.

  • Tim is the editor of The Complete Guide to Fair Market Value Under the Stark Regulations (2022) and co-editor and major contributing author of the BVR/AHLA Guide to Valuing Physician Compensation and Healthcare Service Arrangements (2017). He has contributed thought leadership to major industry organizations, including, the AICPA, the American Association of Provider Compensation Professionals (AAPCP), the American Health Law Association (AHLA), the Health Care Compliance Association (HCCA), the American Bar Association (ABA), Taxpayers Against Fraud (TAF), the Medical Group Management Association (MGMA), the National Association of Certified Valuators and Analysts (NACVA), and Business Valuation Resources (BVR).

    List of Tim’s publications

    List of Tim’s presentations

  • Tim is currently the chair of the credential committee for AAPCP’s Certified in Provider Compensation Valuation (CPCV) credential. The CPCV is the first professional credential for the compensation valuation discipline offered in the U.S. As chair of this committee, he is currently overseeing and contributing to the standardization of the body of knowledge for compensation valuation as applied to physician and advance practice provider services.

    Tim is also a member of AAPCP’s Corporate Advisory Council. His prior professional leadership positions include serving as the co-chair of NACVA’s 2014 Advanced Healthcare Valuation and Consulting Symposium and as a faculty member for NACVA’s Healthcare Consulting Workshop from 2011 to 2013.

    Tim was a major contributor of public comments to the Center for Medicare and Medicaid Services (CMS) as part of the agency’s recent 2020 update to the Stark regulations. You can read about these comments in The Complete Guide to Fair Market Value Under the Stark Regulations.

  • Tim is a licensed CPA* and Accredited in Business Valuation (ABV) from the American Institute of Certified Public Accountants (AIPCA). He earned a bachelor’s degree in accounting from the University of Oklahoma, a master’s degree in political philosophy from the University of Dallas (UD) and was a PhD student in political philosophy at UD.

    * TS Healthcare Consulting is not a CPA firm.