WellGroup HealthPartners, LLC Partners with MPV to Maximize the Value of Its Payor Contracts.Physician group selects combination of contract modeling services and Web-based technology to monitor the accuracy of reimbursement Reimbursement Payment made to someone for out-of-pocket expenses has incurred. for medical 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, today announced an agreement with Chicago Heights Chicago Heights, city (1990 pop. 33,072), Cook co., NE Ill., S of Chicago; settled in the 1830s, inc. as a city 1901. It is an industrial community where steel, transportation equipment, metal products, tiles, and chemicals are manufactured. Prairie State College is there. , Ill.-based WellGroup HealthPartners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Under the terms of the contract, MPV will assist WellGroup HealthPartners with the management of its payor contracts. MPV utilizes a highly trained contract analyst team along with the Web-based Phynance[TM] application to value medical claims based on the latest payment rules and fee schedules. This approach to payor contract management allows for more efficient revenue cycle management processes and enables medical groups to verify claim payment at the line-item level. In addition, medical groups can also use this blend of tools and services to identify potential underpayments, registration, coding and posting errors. "With MPV's proven methodology, we will have the resources we need to enhance our current appeals and recovery efforts," said Christopher Macek, CFO See Chief Financial Officer. of WellGroup HealthPartners, LLC. "Having the ability to monitor payor compliance with contract terms empowers us with the knowledge we need to increase cash flow and improve overall financial performance." "At a time when payor contracts are becoming more complex, medical groups like WellGroup HealthPartners need an efficient and effective way to determine accurate payment," 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 helps medical groups streamline the management of this process, leading to better performing contracts and a stronger bottom line." 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 27,000 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. |
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