Harvard Vanguard Medical Associates, of Newton, MA, and WellSpan Medical Group, of York, PA, are hoping to give their revenues a lift by automating their payer contract management processes and keeping a closer eye on payer compliance. HealthIT News reports that Medical Present Value Inc.'s Phynance, a web-based application, will be used to define contract variables more closely. The software also allows users to "create custom reports for monitoring overall payer performance, negotiating improved contract terms, tracking chargemaster accuracy and boosting overall practice revenue."
To learn more:
- read the HealthIT News article