Matthew J. Muller, ASA


Office: Denver

Main: (303) 688-0700
Direct: (303) 566-3179


Matthew Muller is a Director in the Denver office.

Muller has been providing his clients analysis and consultation in business valuation, intellectual property, litigation support, and healthcare provider compensation relationships since 2010. His experience includes working with healthcare organizations, attorneys, administrators, providers, developers, consultants, investment bankers, and private equity groups in connection with transactions in the healthcare industry. Many of the transactions he analyzes involve Stark, Anti-Kickback, IRC 501(c)(3), and/or other regulatory implications, which requires analysis of fair market value and the determination of commercial reasonableness.

Mr. Muller is an Accredited Senior Appraiser (ASA) in Business Valuation through the American Society of Appraisers, and is President of the Denver Chapter of the American Society of Appraisers. In 2019 he was recognized by the American Society of Appraisers as a “Rising Star” in the industry. He holds a Bachelor of Business Administration from the Seidman College of Business at Grand Valley State University.


  • Business Valuation




  • 2019 ASC Valuation and Transaction Trends, Ambulatory Surgery Center Association (ASCA) 2019 Conference & Expo, Nashville, TN, May 15, 2019
  • Telemedicine and Its Impact on Appraisals, (co-presented with Kevin Cassell), American Society of Appraisers – Denver Chapter Meeting, Denver, CO, March 12, 2019.
  • Key Thoughts on ASC Valuations, (co-presented with David Walline), Becker’s ASC 24th Annual Meeting, Chicago, IL, October 26, 2017.

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  • Bachelor of Business Administration in Finance, Seidman College of Business at Grand Valley State University, Grand Rapids, MI


  • Accredited Senior Appraiser (ASA) in Business Valuation, American Society of Appraisers (June 2015)


  • American Society of Appraisers’ 30-hour course, BV401: CEIV Course – Valuation for Financial Reporting (September 2020)
  • American Society of Appraisers’ 30-hour course, BV301: Valuation of Intangible Assets (September 2016)
  • American Society of Appraisers’ 30-hour course, BV204: Advanced Topics in Business Valuation (January 2014)
  • Certificate Program in Accounting at Metropolitan State University of Denver (2013)
  • American Society of Appraisers’ 30-hour course, BV203: Business Valuation Case Study (June 2012)
  • American Society of Appraisers’ 30-hour course, BV202: Introduction to Business Valuation Part II (January 2012)
  • American Society of Appraisers’ 15-hour course, SE100: Uniform Standards of Professional Appraisal Practice (“USPAP”) (October 2011)
  • American Society of Appraisers’ Ethics Exam (June 2011)
  • American Society of Appraisers’ 30-hour course, BV201: Introduction to Business Valuation Part I (January 2011)
  • Level 1 of the Chartered Financial Analyst program (2007)


  • American Society of Appraisers (ASA)


  • Senior Commercial Credit Analyst, PNC Bank
  • Commercial Credit Analyst, Bank of America

Recent Insights

HealthCare Appraisers, Inc. Partner Joins AHLA’s Roster of Neutrals

BOCA RATON, Fla., July 9, 2021 – Andrea Ferrari, JD, MPH, partner with HealthCare Appraisers, Inc., a national healthcare valuation and advisory firm, joins the American Health Law Association’s (AHLA) national roster of arbitrators, mediators, and hearing officers....

OIG Issues Special Fraud Alert in Connection with Speaker Programs

Author: David W. Sands, CVA Download the PDFThe Department of Health and Human Services’ Office of Inspector General (OIG) recently released a Special Fraud Alert[1] aimed at pharmaceutical and device companies that use speaker programs to compensate physicians and...

A Multi-Specialty ASC is the Subject of Latest OIG Advisory Opinion

Author: Fred M. Lara, CFA, ASA, CVA Download the PDFOn April 29, 2021, the Office of Inspector General (the “OIG”) posted Advisory Opinion No. 21-02, which addressed a request from a health system and management company (the “Requestors”) for review of a proposed...

2021 ASC Valuation and Benchmarking Surveys

HealthCare Appraisers' clients, please contact your representative for a complimentary copy of the 2021 ASC Valuation and Benchmarking Surveys. These surveys have become widely-utilized and valuable industry resources over the years, and we hope you enjoy the...

Upcoming Events

Sept 21 – Oct 1 | AHLA Fraud and Compliance Forum 2021

Healthcare Appraisers is a proud Platinum Sponsor of both the virtual and in-person events. This important program brings together legal counsel, compliance officers, and government representatives for an invaluable learning and networking opportunity. The planning...

Oct 24-27 | MGMA Medical Practice Excellence Leaders Conference

Healthcare Appraisers will be exhibiting at booth #231. EXPERIENCE EDUCATION, INNOVATION AND CONNECTION TO DRIVE EXCELLENCE. Stay tuned! As we announce an impressive line-up of educational sessions chock-full of tools, case studies and actionable takeaways. The...