On average, medical groups undercharge contract limits by 1-2%. But manually identifying and tracking these limits for dozens of constantly changing contracts and thousands of services is both labor intensive and difficult.
That’s why MPV developed the Undercharge Report, giving MPV Phynance users a roadmap for profitability. By extracting claims information directly from your billing system and comparing it with our continually updated contract database, the Undercharge Report shows exactly where charges fall below the contract maximum, right down the to the procedure code and contract. Each report you run reflects the latest limits for services that have been valued in MPV Phynance, enabling you to raise charges when allowables are increased.
The undercharge report helps you to take control of your contracting processes by:
- Lowering the costs of maintaining your chargemaster
- Supporting the value of specialty services
- Updating charge policies to avoid revenue losses and keep practice
finances on track
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