Cedar Valley Medical Specialists Select MPV Phynance; Use of MPV Phynance will allow Medical Group to Identify Contractual Underpayments and Expedite the Appeal and Recovery Process.

SAN ANTONIO -- Medical Present Value, Inc. (MPV), the leading provider of contract modeling services and claims auditing software to maximize reimbursement for medical groups, today announced its new contract with Cedar Valley Medical Specialists, a 60-physician multi-specialty medical group in Waterloo, Iowa. Cedar Valley Medical Specialists will use the MPV Phynance(TM) application to help define its payor contracts, identify contractual underpayments and increase revenue.

"Until now, we have not had an efficient way to calculate exactly how much of our annual revenue was being lost due to underpaid claims," said Gil Irey, chief executive officer of Cedar Valley Medical Specialists. "With MPV, we are back in control of the claims process, which will help us to recover more revenue and strengthen our negotiating position with payors."

MPV employs a highly trained contract analysis team to model payor contracts into the MPV Phynance application, which values and verifies healthcare claims according to the terms of each individual payor contract. The contract team also maintains a database of client-specific contract terms, fee schedules and payment policies and continually updates Medicare, state and other payment rules to ensure claim pricing is accurate.

"When it comes to getting paid for medical services, it is virtually impossible to keep up with all of the variables involved in payor contracts, especially constantly changing reimbursement requirements," said Thomas S. Gorsche, M.D., finance committee chairman at Cedar Valley Medical Specialists. "Through the use of MPV Phynance, our group will make great strides in improving our contract analysis and management processes to maximize reimbursement."

Cedar Valley is also partnering with MPV to analyze contract performance and evaluate the impact of proposed payor contracts during contract negotiations. By utilizing all of the contract information that is fully defined and modeled in MPV Phynance, the group will be able to assess the terms of proposed contracts based on the precise mix of services it provides. In addition, Cedar Valley will use the data stored in MPV Phynance to calculate expected patient balances at or before the time of service, and to generate comprehensive undercharge reports that will allow the group to optimize its chargemaster.

"By taking full advantage of our complete suite of products and services, Cedar Valley will be able to realize significant financial and administrative benefits in its day-to-day operations," said Jamo Rubin, M.D., president of MPV. "We are confident the group will experience a quick and solid return on its investment."

About MPV

MPV, headquartered in San Antonio, Texas, enables medical groups to increase revenue and reduce payment cycle times through contract modeling services and claims auditing software that ensure medical claims are paid accurately according to their payor contracts. Founded in 1996, the company is privately held and serves physician organizations across the United States. For more information, please visit www.mpv.com.