UW Medical Foundation Automates Contract Management

University of Wisconsin Medical Foundation (Madison, Wis.) has selected Medical Present Value Inc.'s (MPV) financial tools and services in an effort to manage payer contracts and audit reimbursement.

According to MPV (Austin, Texas), the 1,100-physician multi-specialty practice will use MPV's contract definition services and Web-based Phynance application to monitor contract performance, detect payment variances and improve collections.

In addition, the company contends the practice can use Phynance to create reports detailing the performance of its contracts and model the financial implications of proposed contract terms.