UT Medical Group Selects MPV to Identify Underpayments and Achieve Payor Contract Transparency.SAN ANTONIO San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. -- 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. ), the premier provider of financial tools and expert services to manage payor contracts and payment verification, today announced that UT Medical Group, Inc. (UTMG UTMG Universal Transverse Mercator Grid ) has selected MPV Phynance(TM) to define its payor contracts and identify appeal opportunities and contractual underpayments. The multi-specialty, 325-physician group signed a three-year agreement with MPV to deploy Phynance to model the complex terms of 20 payor contracts. By fully defining and modeling its contracts, UTMG will be able to value the claims it files and truly evaluate the impact of the many variables and details included in its managed care contracts. This data will allow UTMG to know if it is being paid in accordance with its contracts and to help evaluate overall contract performance for future negotiations with payors. "Accurate reimbursement from payors on our medical claims directly impacts our bottom line," said Steve Burkett, president and 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 UTMG. "For two years, our managed care, billing and accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying team looked for a viable solution to help with this audit process. We selected MPV as our partner because we believe this organization has the experience and expertise to help us automate our claims valuation process." Phynance uses advanced technology and a highly trained contract analyst team to value and verify health care claims and payments according to the terms of the various payor contracts. 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. "MPV will help our efforts to review inappropriate bundling edits applied by payors and coding denials," said Brenda Jeter, CFO See Chief Financial Officer. of UTMG. "Along with this important financial impact, we'll also depend on MPV's contract analysis tool and analyst team to provide valuable contract definition and ongoing contract maintenance." "UT Medical Group is a well respected group in the Southeast," stated Larry Gray, CEO of MPV. "Through our partnership, UTMG will be able to not only quickly and efficiently recover underpayments but also improve cash flow and optimize reimbursement." About UT Medical Group, Inc. Based in Memphis, UT Medical Group is the private practice arm of the University of Tennessee Health Science Center The University of Tennessee Health Science Center (UTHSC) in Memphis includes the Colleges of Allied Health Sciences, Dentistry, Graduate Health Sciences, Medicine, Nursing and Pharmacy. Its pediatric residency program is affiliated with Le Bonheur Children's Medical Center. faculty. It provides over 150 services for residents of the Mid-South and employs 325 physicians. A not-for-profit, non-tax-supported group practice, it is dedicated to quality patient care, medical education and medical research. For more information, please visit www.utmedicalgroup.com. About MPV Medical Present Value, Inc. (MPV), headquartered in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. , provides health care organizations with innovative financial tools and expert consultative services to manage and negotiate payer contracts and to identify, appeal and recover contractually underpaid claims. Founded in 1995 as a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , MPV serves over 7000 physician clients. For more information, please visit www.mpv.com. |
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