MPV Announces Contract with Loyola University Physician Foundation; Medical Group Will Use MPV Phynance(TM) to Improve Contract Management, Reduce Payment Errors and Increase Cash Flow.
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 contract with Westchester, Ill.-based Loyola University Loyola University (loi-ō`lə), at New Orleans, La.; Jesuit; coeducational. The university was established through a merger in 1911 of the College of the Immaculate Conception (opened 1849) and Loyola College and Academy (opened 1904). Physician Foundation (LUPF).
The 500-physician multispecialty group is partnering with MPV to better understand the complex terms of its payor contracts, enhance negotiations of future contracts and monitor payor compliance. By working with MPV to fully define and model the complex terms of its payor contracts, LUPF will be able to better identify and appeal claims paid at less than the contract rate as well as identify potential registration, coding and posting errors. The MPV Phynance application will also enable the medical group to assess overall contract performance and ensure chargemaster accuracy.
MPV utilizes a combination of Web-based software and a highly trained contract analyst team to value and verify the healthcare claims according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. 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 con·tin·u·al
1. Recurring regularly or frequently: the continual need to pay the mortgage.
2. updates Medicare, state and other payment rules to ensure claim pricing is accurate.
"Like many medical groups, Loyola University Physician Foundation found it difficult to ensure it was being paid accurately according to the terms outlined in its payor contracts," said Tom Stampiglia, 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. of MPV. "MPV Phynance will provide the information Loyola needs to determine accurate payment, improve revenue cycle efficiency and increase reimbursement."
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 17,000 physicians nationwide, MPV gives clients better control of their payor contracts, improves 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. efficiency and strengthens the bottom line. For more information, please visit www.mpv.com.