Resource allocation

US10937102B2 · kind B2 · utility

Assignee

• Aetna Inc. · US

Inventors

• William R. Jones · Chesterfield, US
• Gaurav Sharma · Webster, US
• Faisal Khan · Fishkill, US
• Hualiang Li · Lo Wu, CN
• Yue Xiao · Stanford, US
• Jingran Li · Beijing, CN
• Jamal Timsah · Grand Prairie, US
• Ryan Berns · Hartford, US
• Sanjeev Kumar Reddy Bollam · Hartford, US
• Radhika G. Athalye · Sunnyvale, US

Key dates

• Filing date: Dec 23, 2016
• Grant date: Mar 2, 2021
• Expiry date: Dec 20, 2038

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0205
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Embodiments of the disclosure provide a system and method of allocating a resource based on myriad input data. In some embodiments, the myriad input data include membership information, claims data, transactional data, etc. The myriad input data are sorted and organized in a meaningful association relationship before applied to a resource allocation modeling algorithm. The resource allocation modeling algorithm provides estimated resource necessary for the application chosen. For example, an insurance company may use membership information, claims data, transactional data, etc., to estimate how much reserves or funds it should hold to cover future claims within a certain timeframe.