COMPUTER IMPLEMENTED METHODS, SYSTEMS, AND APPARATUS FOR GENERATING AND UTILIZING HEALTH OUTCOMES INDICES AND FINANCIAL DERIVATIVE INSTRUMENTS BASED ON THE INDICES

• US 20100004945A1
• Filed: 06/30/2009
• Published: 01/07/2010
• Est. Priority Date: 07/01/2008
• Status: Abandoned Application

• Current Assignee: Global Health Outcomes Incorporated
• Original Assignee: Global Health Outcomes Incorporated
• Inventors: Petratos, Gerasimos, Parasidis, Efthimios
• Application Number:
  US12/495,003
• Publication Number:
  US 20100004945A1
• Time in Patent Office: Days
• US Class Current: 705/2
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G16H 50/20 for computer-aided diagnosis, e.g. based on medical expert systems
• CPC Class Codes: G16H 50/30 for calculating health indices; for individual health risk assessment
• CPC Class Codes: G16H 50/50 for simulation or modelling of medical disorders
• CPC Class Codes: G16H 50/80 for detecting, monitoring or modelling epidemics or pandemics, e.g. flu

Abstract

A computer-implemented method, a computer program product, and a computer system are provided for generating and utilizing a health outcome index for a given research interest area and a given population. The computer-implemented method includes the steps of: (a) receiving data relating to one or more given criteria pertinent to the research interest area; (b) calculating a health outcomes index using one or more computer processes applying a given formula to the data relating to the one or more given criteria, said given formula including assignment of relative weights to said one or more criteria; (c) outputting the health outcome index; and (d) periodically repeating steps (a) through (c).

Claims

1. A computer-implemented method of generating and utilizing a health outcome index for a given research interest area and a given population, the computer-implemented method comprising the steps of:

(a) receiving data relating to one or more given criteria pertinent to the research interest area;

(b) calculating a health outcomes index using one or more computer processes applying a given formula to the data relating to the one or more given criteria, said given formula including assignment of relative weights to said one or more criteria;

(c) outputting the health outcome index; and

(d) periodically repeating steps (a) through (c).

2. The computer-implemented method of claim 1 wherein said one or more given criteria include economic factors.

3. The computer-implemented method of claim 1 wherein said one or more given criteria include clinical factors.

4. The computer-implemented method of claim 1 wherein said one or more given criteria include humanistic factors.

5. The computer-implemented method of claim 1 further comprising creating one or more financial derivative instruments based on the health outcomes index.

6. The computer-implemented method of claim 1 further comprising providing the health outcomes index to a healthcare provider for use in treating a patient.

7. The computer-implemented method of claim 1 further comprising providing the health outcomes index to a payor or healthcare provider for use in making reimbursement, coverage, treatment, or payment decisions in the healthcare industry.

8. The computer-implemented method of claim 1 further comprising transmitting the health outcomes index to a party for use in making investment decisions in the healthcare industry.

9. The computer-implemented method of claim 1 further comprising transmitting the health outcomes index to a party for use in conducting comparative effectiveness research.

10. The computer-implemented method of claim 1 further comprising transmitting the health outcomes index to a party for use in hedging risks in the healthcare industry.

11. The computer-implemented method of claim 1 wherein the given research interest area comprises a disease, a therapeutic area, a drug class, a genotype, an RNA type, a protein type, or a medical or biologic technology.

12. The computer-implemented method of claim 1 further comprising creating the given formula before step (b).

13. The computer-implemented method of claim 1 further comprising periodically recalibrating the given formula.

14. A computer program product for generating and utilizing a health outcome index for a given research interest area and a given population, the computer program product residing on a computer readable medium having a plurality of instructions stored thereon which, when executed by a processor, cause that processor to:

(a) receive data relating to one or more given criteria pertinent to the research interest area;

(b) calculate a health outcomes index using one or more computer processes applying a given formula to the data relating to the one or more given criteria, said given formula including assignment of relative weights to said one or more criteria;

(c) output the health outcome index; and

(d) periodically repeat (a) through (c).

15. The computer program product of claim 14 wherein said one or more given criteria include economic factors.

16. The computer program product of claim 14 wherein said one or more given criteria include clinical factors.

17. The computer program product of claim 14 wherein said one or more given criteria include humanistic factors.

18. The computer program product of claim 14 further comprising instructions for creating one or more financial derivative instruments based on the health outcomes index.

19. The computer program product of claim 14 further comprising instructions for providing the health outcomes index to a healthcare provider for use in treating a patient.

20. The computer program product of claim 14 further comprising instructions for providing the health outcomes index to a payor or healthcare provider for use in making reimbursement, coverage, treatment, or payment decisions in the healthcare industry.

21. The computer program product of claim 14 further comprising instructions for transmitting the health outcomes index to a party for use in making investment decisions in the healthcare industry.

22. The computer program product of claim 14 further comprising instructions for transmitting the health outcomes index to a party for use in conducting comparative effectiveness research.

23. The computer program product of claim 14 further comprising instructions for transmitting the health outcomes index to a party for use in hedging risks in the healthcare industry.

24. The computer program product of claim 14 wherein the given research interest area comprises a disease, a therapeutic area, a drug class, a genotype, an RNA type, a protein type, or a medical or biologic technology.

25. The computer program product of claim 14 further comprising instructions for creating the given formula before step (b).

26. The computer program product of claim 14 further comprising instructions for periodically recalibrating the given formula.

27. A computer system for generating and utilizing a health outcome index for a given research interest area and a given population, the computer system comprising:

an input for receiving data relating to one or more given criteria pertinent to the research interest area;

one or more processors for calculating a health outcomes index by applying a given formula to the data relating to the one or more given criteria, said given formula including assignment of relative weights to said one or more criteria; and

an output for outputting the health outcome index.

28. The computer system of claim 27 wherein said one or more given criteria include economic factors.

29. The computer system of claim 27 wherein said one or more given criteria include clinical factors.

30. The computer system of claim 27 wherein said one or more given criteria include humanistic factors.

31. The computer system of claim 27 wherein the one or more processors further create one or more financial derivative instruments based on the health outcomes index.

32. The computer system of claim 27 wherein the computer system provides the health outcomes index to a healthcare provider for use in treating a patient.

33. The computer system of claim 27 wherein computer system provides the health outcomes index to a payor or healthcare provider for use in making reimbursement, coverage, treatment, or payment decisions in the healthcare industry.

34. The computer system of claim 27 wherein the computer system transmits the health outcomes index to a party for use in making investment decisions in the healthcare industry.

35. The computer system of claim 27 wherein the computer system transmits the health outcomes index to a party for use in conducting comparative effectiveness research.

36. The computer system of claim 27 wherein the computer system transmits the health outcomes index to a party for use in hedging risks in the healthcare industry.

37. The computer system of claim 27 wherein the given research interest area comprises a disease, a therapeutic area, a drug class, a genotype, an RNA type, a protein type, or a medical or biologic technology.

38. The computer system of claim 27 wherein the one or more processors further create the given formula before applying the formula.

39. The computer system of claim 27 wherein the one or more processors further periodically calibrate the given formula.