Saint Elizabeth Physician Network Selects MPV for Payor Contract Management and Payment Verification
Medical group will deploy MPV Phynance™ to enhance the way it identifies payment variances

SAN ANTONIO, Texas. – November 15, 2005 – Medical Present Value, Inc. (MPV), a leading provider of financial tools and expert services to manage payor contracts and audit reimbursement, today announced that Lincoln, Neb.-based Saint Elizabeth Physician Network (SEPN) has selected MPV Phynance™ to improve its contract management process, identify payment variances and track overall payor performance.

The multi-specialty, 90-provider group will use MPV Phynance to fully define the complex terms of its payor contracts, including the many variables and payment policies that determine the value of its medical claims. MPV's highly trained contract analyst team will model SEPN's payor contracts into the MPV Phynance application, which then values and verifies healthcare claims according to the terms of each individual payor contract. The 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.

Modeling contracts this way will enable SEPN to better identify and appeal claims paid at less than the contract rate. It will also enable the medical group to gauge overall contract performance for future negotiations with payors.

"MPV Phynance will allow us to better identify contractual underpayments in an efficient and accurate manner," said Alan Uden, director of finance for SEPN. "With Phynance, we will not only be able to better monitor payor compliance and negotiate better contracts, but we will also have the ability to collect and analyze financial information in a way that streamlines the appeals process and improves cash flow."

"We are pleased Saint Elizabeth Physician Network selected MPV Phynance to enhance accuracy of payments, verify reimbursement and improve workflow efficiency," said Tom Stampiglia, CEO of MPV. "Saint Elizabeth has an outstanding reputation for quality patient care, and we look forward to helping them maximize the value of their payor contracts."

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 17,000 physicians nationwide, MPV gives clients better control of their payor contracts, improves workflow efficiency and strengthens the bottom line. For more information, please visit www.mpv.com.

Contact:
Medical Present Value, Inc. (MPV)
Merideth Fulton
512.439.0201
mfulton@mpv.com

<< Back