Data processing for cost and price determinations with electronic negotiation

Number of patents in Portfolio can not be more than 2000

United States of America

PATENT NO 12217227
APP PUB NO 20240394674A1
SERIAL NO

18655304

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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The embodiments disclose a data processing cost and price determination platform with electronic negotiation, including a mobile app configured to register a medical patient, a medical database configured to retrieve patient demographics, patient medical necessity codes and patient billed account data related to the medical patient of a medical provider, a server configured to electronically collect updated patient medical pricing data from governmental and health insurance carrier sources and medical necessity standards based on demographics of the medical provider, a processor configured to compare the patient billed account with the updated medical pricing data to determine a suggested fair market of the patient billed account, an electronic negotiation module to submit the suggested fair market of the patient billed account data to the medical provider for soliciting a negotiated settlement rate and a communication module to transmit the accepted negotiated settlement rate from the medical provider to the medical patient.

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Hummer, Gregory J Shaker Heights, US 46 200

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Maintenance Fees

Fee Large entity fee small entity fee micro entity fee due date
3.5 Year Payment $1600.00 $800.00 $400.00 Aug 4, 2028
7.5 Year Payment $3600.00 $1800.00 $900.00 Aug 4, 2032
11.5 Year Payment $7400.00 $3700.00 $1850.00 Aug 4, 2036
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Surcharge after expiration - Late payment is unavoidable $700.00 $350.00 $175.00
Surcharge after expiration - Late payment is unintentional $1,640.00 $820.00 $410.00