Bright Medical Associates Partners with MPV to Optimize Reimbursement and Streamline Payor Contract Management.Group Will Use MPV's Web-based Phynance[TM] Application to Detect Underpaid un·der·paid v. Past tense and past participle of underpay. underpaid Adjective not paid as much as the job deserves underpaid adj → Claims AUSTIN, Texas -- Medical Present Value, Inc. (MPV (MusicPhotoVideo) A playlist standard for music, image and video collections introduced in 2002 by the Optical Storage Technology Association (OSTA). An "MPV Writer" is software that creates the playlist, and an "MPV Reader" is software that can discover and read it. ), a leading provider of financial tools and expert services to manage payor contracts and audit reimbursement Reimbursement Payment made to someone for out-of-pocket expenses has incurred. , today announced a new seven-year contract with Bright Medical Associates to automate To turn a set of manual steps into an operation that goes by itself. See automation. payor contract management processes and evaluate overall contract performance. The 55-physician, multi-specialty group based in Whittier, Calif., will utilize MPV's combination of contract definition and modeling services and claims valuation technology to: * Better understand complex payor contract terms and their effect on the revenue cycle; * Detect claims paid at less than the contract rate; * Flag potential registration and posting errors; * Aggregate and submit contract-based appeals; * Analyze proposed contract terms during payor negotiations; and * Improve operational efficiency. "Manual management of payor contracts makes it very difficult to catch payment variances and analyze contract performance," said Jennifer Jackman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at Bright Medical Associates. "Our partnership with MPV will provide us with the needed resources to make informed decisions about proposed contract terms. We will also be able to optimize optimize - optimisation revenue by identifying underpaid claims and streamlining workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. ." Additionally, MPV will enable the group to accurately calculate insurance allowables and use applicable deductibles, co-insurance and other patient responsibilities to determine co-payments. Delivering these estimates to patients at or before the time of service helps eliminate payment delays and increase time of service collections. "Bright Medical Associates' selection of MPV will result in more effective revenue cycle management and increased workflow efficiency," said Tom Stampiglia, CEO of MPV. "With MPV's services and technology, the group can verify (1) To prove the correctness of data. (2) In data entry operations, to compare the keystrokes of a second operator with the data entered by the first operator to ensure that the data were typed in accurately. See validate. the accuracy of its reimbursement and improve overall cash flow." About MPV MPV provides medical groups with financial tools and expert consultative services to monitor payor performance; verify reimbursement; reduce registration, coding and posting errors; negotiate better contracts; and improve overall cash flow. Serving more than 22,000 physicians nationwide, MPV gives clients better control of their payor contracts, improves workflow efficiency and strengthens the bottom line. For more information, please visit www.mpv.com. |
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