MPV Announces New Contracts with Ohio State University Physicians and University Childrens Medical Group; Leading Medical Groups Will Use MPV Phynance(TM) To Maximize the Value of Their Payor Contracts, Reduce Payment Errors and Enhance Workflow Efficiency.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, today announced new contracts with Ohio State University Ohio State University, main campus at Columbus; land-grant and state supported; coeducational; chartered 1870, opened 1873 as Ohio Agricultural and Mechanical College, renamed 1878. There are also campuses at Lima, Mansfield, Marion, and Newark. Physicians Inc. and University Childrens Medical Group. Both medical groups will use MPV Phynance(TM) to further improve the contract management process, identify contractual underpayments and increase revenue. MPV's highly trained contract analyst team will fully define and model both organizations' payor contracts into the MPV Phynance application, which then values healthcare claims according to according to prep. 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. Defining the contract terms will allow Ohio State University Physicians and the University Childrens Medical Group to better identify and appeal claims paid at less than the contract rate and identify potential registration and posting errors. The application will also enable the groups to evaluate overall contract performance, ensure chargemaster accuracy and assess the implications of proposed contracts for future negotiations with payors. "As today's payor contracts become increasingly complex, it is difficult for medical groups to get paid what they are owed according to the terms of their 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. "We are pleased to partner with Ohio State University Physicians and University Childrens Medical Group and look forward to helping them optimize the performance of their contracts." Ohio State University Physicians is the faculty practice plan for The Ohio State University College of Medicine and Public Health. The 550-physician group is based in Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. . University Childrens Medical Group is a 413-physician, academic pediatric pediatric /pe·di·at·ric/ (pe?de-at´rik) pertaining to the health of children. pe·di·at·ric adj. Of or relating to pediatrics. medical group providing services on the campus of Childrens Hospital Los Angeles. University Childrens Medical Group physicians serve as faculty of the Keck School of Medicine at the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission . About MPV MPV provides medical groups with innovative financial tools and expert consultative services to manage and negotiate payor contracts and to identify, appeal and recover contractually underpaid claims. The company serves more than 17,000 physician clients. For more information, please visit www.mpv.com. |
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