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BUSINESS WIRE SAN ANTONIO, TX May 10, 2005 Medical Present Value, Inc. (MPV), the leading provider of contract modeling services and claims auditing software to maximize reimbursement for medical groups, today announced that UConn Medical Group has selected MPV Phynance to help manage its payor contracts and identify payment variances. The multi-specialty, 260-physician group will deploy Phynance to fully assess the impact of the many variables and details included in its managed care contracts. This data will allow UConn Medical Group to know if it is being paid in accordance with its contracts and to help evaluate overall contract performance for future negotiations with payors. "We knew we could benefit from an automated solution that would enable us to keep up with constantly changing reimbursement requirements, and were truly impressed with MPV's depth of knowledge and expertise," said Paula McManus, associate vice president for managed care, UConn Medical Group. "Now, we are confident that we have all of the resources we need to ensure prompt and accurate payment for every claim we file." MPV employs its highly trained contract analyst team and advanced technology 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. "While we already had an effective process in place for handling claim denials, we needed a more efficient way to identify, appeal and recover underpayments," McManus added. "By tapping MPV, we will be able to optimize reimbursement and improve cash flow." UConn Medical Group is the multi-specialty practice for faculty physicians at the University of Connecticut Health Center. It is the largest medical group in the greater Hartford, Connecticut-area, and its physicians provide care in more than 50 different specialties. "We commend UConn Medical Group for their efforts to improve contract performance," said Jamo Rubin, M.D., president of MPV. "By partnering with MPV, UConn will recover more revenue and strengthen its bottom line." 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. Contacts Medical Present Value, Inc., San Antonio Press Contact Merideth Fulton, 210/582-6331 mfulton@mpv.com (c) Business Wire 2005 |
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