Lobor arbitrage to improve healthcare labor market efficiency in an electronic business community
First Claim
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1. A method of conducting a labor arbitrage between a plurality of health care facilities, including the steps of:
- a) creating an electronic business community made up of said plurality of health care facilities, including the steps of;
i) compiling information concerning all employees of each health care facility, and ii) supplying said information to an exchange hub;
b) assessing labor resources of each health care facility, including the steps of;
i) assessing labor assets; and
ii) determining labor requirements;
c) deriving put and call option orders for each health care facility requiring same;
d) calculating value of option orders including determination of cost and value;
e) sending option orders to said exchange hub;
f) negotiating at least one deal between at least two of said health care facilities; and
g) closing said at least one deal.
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Abstract
A method of conducting a labor arbitrage between a plurality of health care facilities involves creation of an electronic business community made up of those facilities. Information is compiled concerning all employees of each health care facility with the information being supplied to an exchange hub. Labor resources of each facility are assessed and put and call option orders are derived for each facility having labor assets and/or labor requirements. Deals are negotiated between at least two of the facilities and agreements are prepared and executed.
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Citations
18 Claims
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1. A method of conducting a labor arbitrage between a plurality of health care facilities, including the steps of:
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a) creating an electronic business community made up of said plurality of health care facilities, including the steps of;
i) compiling information concerning all employees of each health care facility, and ii) supplying said information to an exchange hub;
b) assessing labor resources of each health care facility, including the steps of;
i) assessing labor assets; and
ii) determining labor requirements;
c) deriving put and call option orders for each health care facility requiring same;
d) calculating value of option orders including determination of cost and value;
e) sending option orders to said exchange hub;
f) negotiating at least one deal between at least two of said health care facilities; and
g) closing said at least one deal. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 13, 14, 15, 16, 17, 18)
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12. A method of conducting a labor arbitrage between a plurality of health care facilities, including the steps of:
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a) creating an electronic business community made up of said plurality of health care facilities, including the steps of;
i) compiling information concerning all employees of each health care facility including the step of inputting information concerning employee names, identification codes, job descriptions, typical work hours, flexibility of work hours and dates of availability; and
ii) supplying said information to an exchange hub;
b) assessing labor resources of each health care facility, including the steps of;
i) assessing labor assets; and
ii) determining labor requirements whereby said assessing step includes the step of comparing a staffing plan related to actual staff level with a listing of actual staffing needs;
c) deriving put and call option orders for each health care facility requiring same, including the steps of;
i) deriving put orders by looking for employees whose job and shaft are in excess of a desired quality level for a health care facility; and
ii) deriving call orders by looking through jobs at a shaft and discerning where a current staffing level is below an overtime level for a health care facility;
d) calculating value of option orders including determination of cost and value;
e) sending option orders to said exchange hub;
f) negotiating at least one deal between at least two of said health care facilities; and
g) closing said at least one deal.
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Specification