Health care cost management marketplace
US8489421B2 · kind B2 · utility
Inventor
Key dates
| Filing date | Aug 11, 2011 |
| Grant date | Jul 16, 2013 |
| Priority date | — |
| Expiry date | Nov 22, 2031 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q10/10
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A health care cost management marketplace brings together health care payers and health care cost management vendors. The health care cost management vendors bid on lots of single-claims or multiple claims. Health care cost reduction contracts are awarded to vendors whose bids project the greatest net health care cost reduction savings. Auctions are timed and vendors may change their bids while time remains. Bids include a vendor fee percentage, and, for single claim lots, may further include an estimated cost savings amount. For the single-claim lots, vendors which fail to achieve actual cost reduction savings above a predetermined threshold compared to estimated savings can be penalized.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.