Medical Options Financial Product

• US 20110137784A1
• Filed: 12/03/2009
• Published: 06/09/2011
• Est. Priority Date: 12/03/2009
• Status: Abandoned Application

• Current Assignee: Damon Douglas
• Original Assignee: Damon Douglas
• Inventors: Douglas, Damon
• Application Number:
  US12/630,828
• Publication Number:
  US 20110137784A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

One embodiment of a financial product comprising an expiring contract that guarantees the right to receive a cash settlement 100 for a supplement or payment of a medical product or service 120 in return for a contingent payment 140 of risk-lowering medical interventions 150. Other embodiments are described and shown. Another embodiment is a standardized exchange that comprises a listing, syndication, exchange, and management of contracts. Operations and monitoring is managed through communication channels 200 on compatible user devices 220 with a central database server 240.

Claims

1. A method of managing health risk risk liability comprising a contract bought and sold between two parties guaranteeing the buyer of said contract the right to a specified cash settlement by the seller of said contract for represented medical product(s) and/or service(s) based on a contingent accrual of payments for specified medical product(s) and/or service(s).

2. The said contract of claim 1 specifies the amount of the said cash settlement, the timing, frequency and time limit of this cash settlement.

3. The said contract of claim 1 specifies represented medical product(s) and/or service(s).

4. The said cash settlement and represented medical product(s) and/or service(s) of claims 2 and 3 are specified such that the cash settlement is delivered to a specified facility or facilities for which the said represented medical product(s) and/or service(s) are rendered.

5. The said contract of claim 1 specifies the contingent accrual of payments for specified medical product(s) and/or service(s) for which the right to the said cash settlement is earned.

6. An exchange for the listing, syndication, trading, and management of said medical options financial product of claim 1.

7. The said listing of claim 6 displays for a human user through compatible devices that connect to the listing through available communication channels, displaying available said contracts for buy or for sale, showing the said contracts'"'"' price, said cash settlement of claim 2, said represented medical product(s) and/or service(s) of claim 3, and said specified contingency of claim 5.

8. The said syndication of claim 6 is a method by which information in said listing of claim 7 is updated on a human user'"'"'s compatible device through available communication channels.

9. The said trading of claim 6 is the method by which said buyer and seller of claim 1 exchange said contract of claim 1 by said seller to said buyer for a said price.

10. The said management of claim 6 is the method by which said members of said exchange of claim 6 view their existing portfolio of said contracts of claim 1 for which they bought and sold by manner of said trading of claim 9.