Automated claims fulfillment system
First Claim
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1. A process comprising:
- aggregating claims fulfillment volume from multiple insurers for future periods; and
auctioning the aggregated claims fulfillment volume to suppliers.
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Abstract
A software-implemented, automated claims fulfillment system for fulfilling insurance claims. The claims fulfillment system aggregates claims fulfillment volume from multiple insurers for future periods, and reverse auctions the aggregated claims fulfillment volume to suppliers.
57 Citations
44 Claims
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1. A process comprising:
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aggregating claims fulfillment volume from multiple insurers for future periods; and
auctioning the aggregated claims fulfillment volume to suppliers. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. An apparatus comprising:
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an automated claims fulfillment system; and
computer communication channels connecting a plurality of insurers and a plurality of suppliers to the automated claims fulfillment system, the automated claims fulfillment system receiving an indication of claims fulfillment volume for future periods from the insurers through the computer communication channels, aggregating the claims fulfillment volume indicated by the insurers and auctioning the aggregated claims fulfillment volume to the suppliers through the computer communication channels. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A computer-implemented process comprising:
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automatically, by computer processing, aggregating claims fulfillment volume from multiple insurers for future periods; and
automatically, by computer processing, auctioning the aggregated claims fulfillment volume to suppliers. - View Dependent Claims (22, 23, 24, 25, 26, 27, 28, 29, 30)
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31. An apparatus comprising:
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means for aggregating claims fulfillment volume from multiple insurers for future periods; and
means for auctioning the aggregated claims fulfillment volume to suppliers. - View Dependent Claims (32)
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33. A process comprising:
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aggregating claims fulfillment volume from a plurality of insurers;
estimating total claims fulfillment volume of the aggregated claims fulfillment volume to be guaranteed to suppliers;
auctioning the estimated total claims fulfillment volume to the suppliers; and
providing guarantees of the auctioned claims fulfillment volume to suppliers winning the reverse auctioned claims fulfillment volume. - View Dependent Claims (34, 35, 36, 38, 39, 40)
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37. A process comprising:
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committing claims fulfillment volume for future periods by a plurality of insurers;
aggregating the committed claims fulfillment volume from the plurality of insurers;
estimating total claims fulfillment volume of the aggregated, committed claims fulfillment volume to be guaranteed to suppliers;
auctioning the estimated total claims fulfillment volume to the suppliers; and
providing guarantees of the auctioned claims fulfillment volume to suppliers winning the auctioned claims fulfillment volume.
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41. A process comprising:
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committing claims fulfillment volume for future periods by a plurality of insurers;
aggregating the committed claims fulfillment volume from the plurality of insurers;
estimating total claims fulfillment volume of the aggregated, committed claims fulfillment volume to be guaranteed to suppliers in accordance with econometric and risk adjusted return models;
reverse auctioning the estimated total claims fulfillment volume to the suppliers;
providing guarantees of the reverse auctioned claims fulfillment volume to suppliers winning the reverse auctioned claims fulfillment volume;
presenting the winning suppliers to claimants submitting actual claims;
selecting presented suppliers by the claimants to fulfill the claims; and
load balancing actual claims fulfillment volume directed to the winning suppliers.
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42. A computer-implemented process comprising:
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committing claims fulfillment volume for future periods by a plurality of insurers;
automatically, by a computer, aggregating the committed claims fulfillment volume from the plurality of insurers;
automatically, by a computer, estimating total claims fulfillment volume of the aggregated, committed claims fulfillment volume to be guaranteed to suppliers;
auctioning, by a computer, the estimated total claims fulfillment volume to the suppliers; and
providing guarantees of the auctioned claims fulfillment volume to suppliers winning the auctioned claims fulfillment volume.
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43. A computer-implemented process comprising:
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committing claims fulfillment volume for future periods by a plurality of insurers;
aggregating, by a computer, the committed claims fulfillment volume from the plurality of insurers;
estimating, by a computer, total claims fulfillment volume of the aggregated, committed claims fulfillment volume to be guaranteed to suppliers in accordance with econometric and risk adjusted return models;
reverse auctioning, by a computer, the estimated total claims fulfillment volume to the suppliers;
providing guarantees of the reverse auctioned claims fulfillment volume to suppliers winning the reverse auctioned claims fulfillment volume; and
load balancing, by a computer, actual claims fulfillment volume directed to the winning suppliers.
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44. An apparatus comprising:
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means for committing claims fulfillment volume for future periods by a plurality of insurers;
means for aggregating the committed claims fulfillment volume from the plurality of insurers;
means for estimating total claims fulfillment volume of the aggregated, committed claims fulfillment volume to be guaranteed to suppliers;
means for auctioning the estimated total claims fulfillment volume to the suppliers; and
means for providing guarantees of the auctioned claims fulfillment volume to suppliers winning the auctioned claims fulfillment volume.
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Specification