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System and method for using a first electronic representation of contract terms for generating a second electronic representation of the contract terms

  • US 8,768,729 B2
  • Filed: 10/14/2004
  • Issued: 07/01/2014
  • Est. Priority Date: 10/14/2004
  • Status: Active Grant
First Claim
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1. A method comprising:

  • creating a first electronic representation of contract terms on a system, wherein said first electronic representation of the contract terms has a first format that is compatible with at least a first application which includes a claim adjudication application, and wherein said electronically represented terms are configured to be processed by said claim adjudication application to determine an amount of payment by said insurer responsive to a submitted claim, further wherein said first electronic representation associates at least one qualifier and a corresponding calculation method with each payment term of the contract;

    determining priority of applicability amongst multiple contract terms when the at least one qualifier of more than one contract term is met; and

    using, by said system, the first electronic representation of contract terms to generate at least a portion of a second electronic representation of the contract, wherein said second electronic representation of the contract has a second format that is compatible with at least a second application.

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