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MPV Gets Win In California

Austin, Texas-based Medical Present Value (MPV), a provider of software and services for physicians, said today that it has signed Santa Ana, California-based Bristol Park Medical Group as a customer. MPV will automate Bristol's payor contract management processes. MPV provides services and a web-based application which can be used to track medical payments, underpaid and underallowed claims, reimbursement contracts, and other processes for managing payment contracts. Size of the deal was not disclosed. MPV is venture backed by Care Capital, CenterPoint Ventures, Rho Ventures, STAR Ventures and Techxas Ventures.