General Anesthesia Specialists Partnership Medical Group Signs Contract with MPV to Improve Payor Contract Management Processes
Los Angeles-based practice selects Phynance™ to help reduce payment errors and increase revenue cycle efficiency

AUSTIN, Texas. – January 9, 2007 – Medical Present Value, Inc. (MPV), a leading provider of financial tools and expert services to manage payor contracts and audit reimbursement, today announced a new contract with Los Angeles-based General Anesthesia Specialists Partnership Medical Group (GASP). Under the terms of the agreement, GASP will utilize MPV's consultative services and Web-based Phynance technology to monitor reimbursement and identify payment variances for nearly 100 anesthesiologists.

MPV's contract analyst team will define the terms of each payor contract into the MPV Phynance application and maintain a database of client-specific contract terms, fee schedules and payment policies to ensure claim pricing is accurate. Fully defining and modeling the terms of each contract in Phynance allows GASP to better identify and appeal claims paid at less than the contract rate.

"There are aspects of our billing operations which can be streamlined and strengthened through MPV's technology, expertise and support," said Don Garner, CEO of GASP. "We concluded that the use of MPV's Phynance application along with the basic anesthesia billing software already utilized by GASP can bring about staffing cost reductions and additional revenues that will justify our investment in Phynance."

Rockwood Clinic will also use the data stored in MPV Phynance to calculate patient co-payments and balances at or before the time of service. Providing patients with estimates prior to service will help the group to avoid payment delays, reduce bad patient debt and increase revenue.

In addition, GASP can use the claims information stored in Phynance to analyze contract performance and better assess the implications of new and proposed contract terms. This data can also be used to calculate expected patient balances at or before the time of service and to generate comprehensive undercharge reports that will allow the group to optimize its chargemaster.

"Through its partnership with MPV, GASP will be able to monitor payor contract performance, flag payment issues and pursue appeal opportunities in a more efficient manner," said Tom Stampiglia, CEO of MPV. "Over time, GASP will find that Phynance assists in strengthening relationships between providers and payors by fostering a better understanding of how claims should be submitted and adjudicated based on contract terms."

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 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

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