MPV Phynance™ enables medical groups to evaluate overall contract performance, verify reimbursement and assess the financial implications of new and proposed contracts. Through an industry-leading combination of contract modeling services and Web-based technology, MPV Phynance puts medical groups back in control of their payor contracts and helps them to recover the estimated 5% of revenue that is lost annually to contractually underpaid claims.
Our team of seasoned contract analysts defines and models payor contracts line-by-line into the MPV Phynance software solution. This powerful claims valuation engine then values each claim and identifies variances by comparing payments received against contract terms—flagging potential underpayments, registration, coding and posting errors.
Unlike practice management systems that aren’t designed to model contracts and track contractual payment errors, MPV Phynance allows users to value every claim based on the increasingly complex terms of today’s healthcare contracts—including carve outs, global fee periods, multiple surgery reductions, modifier multipliers, code edits and site-of-service payment adjustments. As a result, MPV Phynance improves contract performance while enhancing workflow efficiency, reducing bad patient debt and strengthening the bottom line.
With MPV Phynance, your medical group can also:
Identify and correct claims errors before they are filed
Recover additional revenue through denials management and
contract-based appeals
Increase time-of-service collections from patients
Create sophisticated claim queries and reports
Improve tracking of chargemaster accuracy
Perform what-if analyses to know how alternate contract terms
will affect payment
