What is the fair market value compensation exception in the Stark Law?
Fair market value compensation is any compensation resulting from an arrangement between an entity and a physician (or an immediate family member) or any group of physician..for the provision of items or services (other than the rental of office space) by the physician (or an immediate family member) or group of physicians to the entity, or by the entity to the physician (or an immediate family member) or a group of physicians, if the arrangement is set forth in an agreement that meets the following conditions: • The arrangement is in writing, signed by the parties, and covers only identifiable items or services, all of which are specified in the agreement. • The writing specifies the timeframe for the arrangement, which can be for any period of time and contains a termination clause, provided that the parties enter into only one arrangement for the same items or services during the course of a year. An arrangement made for less than 1 year may be renewed any number of times if the ter