David O. Ault
Partner
Suite 350S
Biography
Dave is a partner in the firm’s Healthcare practice, where he advises clients on value-based care, Medicare regulatory and reimbursement matters, CMS program participation, and healthcare contracting. He draws on nearly a decade of service at the U.S. Department of Health and Human Services, where he held leadership roles in the Office of the General Counsel (“OGC”) and the Centers for Medicare & Medicaid Services (“CMS”). He helps accountable care organizations (“ACOs”), management services organizations (“MSOs”), health systems, providers, medical device companies, and other industry participants navigate federal healthcare requirements and turn them into practical business strategies.
At OGC, Dave was a seasoned litigator who advised CMS on complex Medicare reimbursement policy. He later served as Director of the Division of Financial Risk at CMS’s Center for Medicare and Medicaid Innovation (“CMMI”). There, he led the development and implementation of several CMMI payment and care-delivery models and value-based care programs. This experience gives him an insider’s view of how federal healthcare programs are designed, run, and enforced. He brings that view to his work guiding clients through the regulatory, operational, and financial sides of Medicare and value-based care.
Value-based care is a central focus of Dave’s practice. He counsels clients on value-based arrangements across government and commercial payors, including agreements among ACOs, MSOs, providers, and other participants in value-based care models. Because he regularly works with these arrangements, Dave brings both a regulatory and market viewpoint. He helps clients assess whether proposed terms reflect prevailing market practices, identify provisions that may warrant additional negotiation, evaluate and manage regulatory risk — including compliance with Stark, Anti-Kickback Statute, and beneficiary inducement laws — and understand how individual arrangements fit within broader cross-market value-based contracting strategies.
Dave also advises healthcare organizations on Medicare program participation, regulatory compliance, organizational and operational structures, reimbursement, and contracting. He drafts and negotiates agreements with providers and other participants, helps clients prepare for and respond to Medicare audits, and addresses reimbursement disputes and other matters involving CMS. He also advises medical device companies on Medicare coverage and reimbursement issues, helping them navigate the requirements that affect whether and how their products are covered and paid for.
For clients that regularly interact or partner with CMS, Dave brings a practical understanding of how the agency operates, how healthcare policies and programs develop, how agency officials consider market and programmatic implications, and how to communicate complex issues effectively with regulators. He closely follows agency priorities, policy developments, and evolving payment and care-delivery approaches so clients can understand how changes may affect their organizations. When CMS seeks input from stakeholders as it develops or refines programs and policies, Dave shares practical market feedback and advocates for the industry on how proposed approaches may affect providers and payors.
Dave’s perspective is particularly valuable when a CMS policy, audit position, or regulatory approach creates a business obstacle. Dave helps clients move beyond identifying the legal issue to determine how best to address it — framing the concern, identifying the appropriate avenue for engagement, and developing potential solutions that account for both the client’s objectives and CMS’ policy and programmatic priorities. His strategy combines regulatory analysis, market knowledge, contracting experience, and an understanding of government decision-making to help clients develop practical paths forward.
Related Services
Credentials
- Wake Forest University School of Law, Juris Doctor
- Middlebury College, Bachelor of Arts – Biology and Psychology
- District of Columbia
- State of Maryland
- Supreme Court of the United States
Recognition
- Best Lawyers in America®, Healthcare Law, 2025-27
- The American Lawyer, Corporate Practice of the Year – Pharma and Health Care, 2022, 2024
Thought Leadership & Speaking Engagements
THOUGHT LEADERSHIP
- Co-author, “Health Care Financing and Reimbursement: 2025 U.S. Guide of Major Topics and Trends,” International Bar Association Health Care and Life Sciences Law Committee, 2025.
- Co-author, “CMS approves groundbreaking and innovative 1115 waiver amendment for New York State Medicaid Program,” Westlaw Today, February 2024.
- Co-author, “Bringing Value-Based Care to Cancer Treatment Past, Present, and Future,” American Health Law Association, December 2022.
- Quoted, “The Next Step in Biden’s Effort to Lower Drug Prices,” Axios, October 2022.
- Quoted, “ACOs Unsure About Health Equity Adjustment to REACH Model,” Modern Healthcare, May 2022.
- Cited, “Prescription Pulse: Pharma Moves,” Politico, March 2022.
- Quoted, “CMMI’s Pause on Direct Contracting Model Leaves Industry in Limbo,” Modern Healthcare, May 2021.
- Quoted, “MAOs Dabble in FFS Medicare Via Direct Contracting Model,” RADAR on Medicare Advantage, April 2021.
- Quoted, “CMMI’s Geographic Direct Contracting Model Needs an Overhaul, Experts Say,” Modern Healthcare, February 2021.
- Co-author, “TrendWatch: Teaching Hospitals’ Impact in a Transforming Health Care Landscape,” American Hospital ssociation’s TrendWatch, November 2021.
- Quoted, “Direct Contracting Favors New Entrants Over Existing ACOs,” Modern Healthcare, October 2021.
- Quoted, “Calls Mount for CMS To Address Problem of Patient Overlap Across Payment Models,” Modern Healthcare, September 2021.
- Quoted, “Drug Prices,” CQ Roll Call, June 2019.
- Co-author, “Patients and Primary Care Physicians at the Center of New CMS Innovation Models,” Medical Alley, June 2019.
SPEAKING ENGAGEMENTS
- Presenter, “Winning on Total Cost of Care to Achieve Value-Based Purchasing Success,” Digital Health New York, June 2025.
- Speaker, “The Future of Value-Based Care,” Medical Alley Association Webinar, May 2021.
- Speaker, American Telemedicine Association’s EDGE: Policy 2019 Conference, November 2019.
- Presenter, “CMS Primary Cares Initiative,” VillageMD, July 2019.
- Speaker, “Medicare Advantage and Part D Update,” 2019 Health Law Institute, June 2019.