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System and method for uniformly pricing items

  • US 10,339,532 B2
  • Filed: 12/09/2011
  • Issued: 07/02/2019
  • Est. Priority Date: 08/10/2006
  • Status: Active Grant
First Claim
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1. A computer-implemented method of uniformly pricing items, the method comprising:

  • creating in a first computing environment, with an electronic computer processor, a duplicate of an original electronic chargeable item database located in a second computing environment independent of the first computing environment;

    accessing, by the processor and in an electronic revenue and usage database, a revenue data set comprising sales volume data, gross revenue data, and pricing information associated with each chargeable item stored in the duplicate electronic chargeable database;

    using computer-implemented instructions executed by the processor for;

    identifying in the duplicate electronic chargeable item database two or more chargeable items having the same procedural code;

    linking the identified chargeable items having the same procedural code in at least one group of related chargeable items;

    selecting a predetermined parameter from the revenue data set stored in the revenue and usage database, the predetermined parameter comprising;

    a comparatively highest sales volume for selecting from among the respective sales volume values of each item in the linked group of related chargeable items,a comparatively highest gross revenue for selecting from among the respective gross revenue values of each item in the linked group of related chargeable items, ora comparatively highest price charged for selecting from among the respective price charged values of each item in the linked group of related chargeable items;

    determining, by the processor, a uniform price for the linked group of related chargeable items using the selected predetermined parameter;

    updating in the duplicate chargeable item database, by the processor, price charged data for each item in the linked group of related chargeable items with the determined uniform price; and

    ,exporting, by the processor, data from the duplicate chargeable item database to the original chargeable item database for implementing updates or changes derived from the duplicate chargeable item database.

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