Payer Policy Change Notifications
Staying on top of frequent policy and procedure changes by insurance companies is a difficult task, but without a system to track these constant updates, provider groups, hospitals, laboratories and other healthcare organizations face payment delays, increased billing costs and lost revenue.
MPV Payer Alerts is a patent-pending solution that provides a simple and convenient method for monitoring these modifications while minimizing their impact on the bottom line. Available both through MPV's online portal and a daily email digest, these specialty-specific notifications provide immediate access to changes posted on more than 58,000 Web pages operated by more than 475 payers.
Alerts are offered in four different categories—administrative, clinical, reimbursement and pharmacy—and are designed to be read in a matter of seconds. Each one delivers a comprehensive overview of the latest policy and procedure changes so caregivers can quickly make any required adjustments, save staff time and streamline operations. Our intuitive portal also allows users to easily sort, filter and search for alerts pertinent to their organization, enabling them to identify payment trends by CPT code, date or specialty and better prepare for future contract negotiations.
When combined with MPV Contract Analysis, a user can determine the financial impact of a proposed, or historical, policy change dictated by a payer.
With MPV Payer Alerts, healthcare providers can also:
- Reduce claim denials for services that are no longer covered
- Increase revenue by updating service and product authorization requirements as needed
- Enhance payer contract negotiations with information regarding the numerous payer policy changes made throughout the year
- Improve workflow by delivering targeted information to the appropriate staff members
