What role fair market value play in facility decision, Other Management

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What role fair market value play in facility decision

Assignment Task: The president of the medical board wants to hire a premier sub specialist to increase patient volume and income. The subspecialist's reputation is such that your hospital would quickly become the "go to" destination for this subspecialty. He is, however, demanding 50% higher salary than other members of the medical staff. What role does fair market value play in the facility's decision?

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