Systems and methods for health care credit transactions

• US 8,799,019 B2
• Filed: 12/12/2013
• Issued: 08/05/2014
• Est. Priority Date: 10/14/2011
• Status: Active Grant

• Current Assignee: Stage 5 Innovation, LLC
• Original Assignee: Stage 5 Innovation, LLC
• Inventors: Saidel, Andrew M., Rosen, David K.
• Primary Examiner(s): NGUYEN, TRAN N
• Application Number:
  US14/104,050
• Publication Number:
  US 20140100869A1
• Time in Patent Office: 236 Days
• Field of Search: 705/2
• US Class Current: 705/2
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 30/0207 Discounts or incentives, e.g. coupons or rebates
• 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: G06Q 40/08 Insurance

Abstract

Systems, methods, and computer program media for creating, managing, backing, and transferring health care credits are described. Health care credits may be implemented as freely transferrable financial instruments whose initial value can be based on costs or savings generated by an individual, or by a health care provider, that are associated with a health-related metric or a health benefitting behavior(s).

Claims

1. A method, implemented using a computing system, for converting non-transferrable incentive points into freely transferrable health care credits, the method comprising:

receiving information specifying an amount of the non-transferrable incentive points awarded for a health-related behavior;

determining, using the computing system, a value of the health-related behavior;

calculating, using the computing system, an amount of the freely transferrable health care credits that is equivalent to the value of the health-related behavior; and

converting, using the computing system, the non-transferrable incentive points into the amount of the freely transferrable health care credits that was calculated.

2. The method of claim 1, wherein determining a value of the health-related behavior comprises:

determining a par value for the health-related behavior.

3. The method of claim 2, wherein the par value comprises a previously established monetary value for the health-related behavior.

4. The method of claim 3, wherein the previously established monetary value for the health-related behavior comprises a reimbursement cost for the health-related behavior set by a government entity.

5. The method of claim 2, wherein the par value comprises a value obtained from a government source of health care cost data.

6. The method of claim 5, wherein the government source of health care cost data comprises a Medicare source.

7. The method of claim 2, wherein the par value comprises a value derived from a government source of health care cost data.

8. The method of claim 1, wherein determining a value of the health-related behavior comprises:

determining a value of the health-related behavior based on a monetary value of the health-related behavior from at least one industry source of health care cost data.

9. The method of claim 8, wherein determining a value of the health-related behavior based on a monetary value of the health-related behavior from at least one industry source of health care cost data comprises:

calculating the value of the health-related behavior by taking an average, a weighted average, or a median of the monetary values of the health-related behavior from at least two different industry sources.

10. The method of claim 9, wherein the at least two different industry sources comprises at least two health care insurers.

11. The method of claim 8, wherein the at least one industry source of health care cost data comprises a health care insurer.

12. The method of claim 1, wherein calculating an amount of the freely transferrable health care credits that is equivalent to the value of the health-related behavior comprises:

determining a current market value of a freely transferrable health care credit; and

dividing the value of the health-related behavior by the current market value of a freely transferrable health care credit to produce the amount.

13. A method, implemented using a computing system, for converting non-transferrable incentive points associated with a health-related metric or behavior into freely transferrable health care credits, the method comprising:

receiving information specifying a quantity of the non-transferrable incentive points associated with an account;

exchanging, using the computing system, the quantity of the non-transferrable incentive points for an amount of cash;

purchasing an amount of freely transferrable health care credits using the amount of cash;

crediting, using the computing system, the amount of freely transferrable health care credits that was purchased to the account.

14. The method of claim 13, wherein the amount of cash is determined by an issuer of the non-transferrable incentive points.

15. The method of claim 14, wherein the amount of cash determined by the issuer comprises an amount equivalent to a health-care cost savings associated with the health-related metric or behavior.

16. The method of claim 13, wherein the purchasing is performed via a health care credit exchange.

17. The method of claim 13, wherein exchanging the quantity of the non-transferrable incentive points for an amount of cash comprises:

selling the quantity of the non-transferrable incentive points to an issuer of the non-transferrable incentive points.

18. The method of claim 13, wherein exchanging the quantity of the non-transferrable incentive points for an amount of cash comprises:

redeeming the quantity of the non-transferrable incentive points with an issuer of the non-transferrable incentive points.

19. A method, implemented using a computing system, for converting non-transferrable incentive points into freely transferrable health care credits, the method comprising:

receiving information specifying an amount of the non-transferrable incentive points associated with a health-related behavior;

calculating, using the computing system, an amount of the freely transferrable health care credits that is equivalent to the value of the non-transferrable incentive points associated with the health-related behavior; and

converting, using the computing system, the non-transferrable incentive points into the amount of the freely transferrable health care credits that was calculated.

20. The method of claim 19, further comprising:

placing the amount of the freely transferrable health care credits into a health care credit account.