Medical diagnostic-initiated insurance offering

• US 10,817,949 B1
• Filed: 09/30/2015
• Issued: 10/27/2020
• Est. Priority Date: 10/06/2014
• Status: Active Grant

• Current Assignee: State Farm Mutual Automobile Insurance Company (State Farm)
• Original Assignee: State Farm Mutual Automobile Insurance Company (State Farm)
• Inventors: Wieduwilt, Andrew Patrick, Roll, Leif Agerholm
• Primary Examiner(s): Trotter, Scott S
• Application Number:
  US14/871,273
• Time in Patent Office: 1,854 Days
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: G06Q 50/22 Social work or social welfare, e.g. community support activities or counselling services
• CPC Class Codes: G16H 10/60 for patient-specific data, e.g. for electronic patient records
• CPC Class Codes: G16H 50/30 for calculating health indices; for individual health risk assessment

Abstract

Techniques for initiating offers for insurance based upon medical diagnostic examinations may include, for each of a plurality of stored examination results: with a patient'"'"'s or customer'"'"'s affirmative consent or permission, (1) determining a health profile of a respective patient; (2) determining, based upon contents of the health profile, whether or not the patient is eligible for one or more offers of insurance; (3) providing the health profile of an eligible patient to one or more insurance providers; and/or (4) receiving one or more insurance offers that include binding quotes for insurance. Using the techniques disclosed herein, patients who have undergone medical examinations may be automatically selected and provided with insurance offers for which they have been pre-approved. The insurance offers may include binding quotes for insurance coverage. As a result, insurance or other cost savings may be provided to patients or other customers (e.g., parents of young patients).

Claims

1. A system, operated and/or provided by a medical diagnostic provider, for initiating offers for insurance based upon medical diagnostic examinations, the system comprising:

a network interface communicatively configured to couple the system operated and/or provided by the medical diagnostic provider to a plurality of insurance provider computing systems for a plurality of insurance providers;

one or more data storage devices configured to store results of a plurality of medical diagnostic examinations that have been performed by the medical diagnostic provider on respective ones of a plurality of subjects; and

one or more tangible, non-transitory memories storing computer-executable instructions that, when executed by one or more processors of the system, cause the system to, when the medical diagnostic examination for a respective subject included in the plurality of medical diagnostic examinations is completed;

generate a health profile of the respective subject based upon the stored results of the medical diagnostic examination for the respective subject;

determine, based upon the health profile, whether or not the respective subject is eligible as a pre-approved potential insured party for a plurality of insurance policy offers from a plurality of insurance providers for one or more types of insurance that require a medical diagnostic examination to be performed; and

when the respective subject is determined to be eligible as a pre-approved potential insured party for at least one of the plurality of insurance policy offers from the plurality of insurance providers for the one or more types of insurance;

trigger generation of underwritten binding quotes for respective ones of the at least one of the plurality of insurance policy offers from the plurality of insurance providers for the one or more types of insurance for which the respective subject is eligible as a pre-approved potential insured party by providing, using the network interface, the health profile of the respective subject to the plurality of insurance provider computing systems associated with the at least one of the plurality of insurance policy offers;

receive, via the network interface from one or more of the plurality of insurance provider computing systems associated with the at least one of the plurality of insurance policy offers, the binding quotes for respective ones of the at least one of the plurality of insurance policy offers for which the respective subject is eligible to be an as a pre-approved insured party, each of the plurality of binding quotes generated by one of the plurality of insurance provider computing systems based upon the health profile of the respective subject, the health profile being a sole indication of a quality of health of the respective subject used by the plurality of insurance provider computing systems to generate the binding quotes; and

cause respective indications of the plurality of underwritten binding quotes to be presented at a user interface to the respective subject that are generated based upon the completion of the medical diagnostic examination of the respective subject.

2. The system of claim 1, wherein the one or more types of insurance includes at least one of a life insurance policy, a long-term care insurance policy, or a disability insurance policy.

3. The system of claim 1, wherein the one or more types of insurance includes different types of insurance policies.

4. The system of claim 1, wherein the computer-executable instructions are further executable to:

receive an indication of a selection of one of the binding quotes via the user interface; and

provide, to the insurance provider computing system associated with the one of the binding quotes selected via the network interface, an indication that the selected one of the binding quotes has been selected.

5. The system of claim 4, wherein the computer-executable instructions are further executable to cause the system to (i) receive an indication that the selected binding quote has been bound by the insurance provider, and (ii) at least one of refund or credit a cost of the medical diagnostic examination performed on the respective subject upon receiving the indication that the selected binding quote has been bound.

6. The system of claim 1,

wherein at least one of the binding quotes is determined based upon the health profile of the respective subject and based upon one or more preferred insurance policy terms from a group of terms comprising an amount of a premium payment, a term length, an insurance provider rating, a desired type of insurance, a payout amount, an annuity amount, a settlement option, and another insurance policy term, and

wherein at least some of the group of terms are defined by the insurance provider associated with the at least one of the binding quotes.

7. The system of claim 1, wherein the medical diagnostic examination performed on the respective subject at least one of (i) includes an invasive procedure, or (ii) is performed as part of an annual physical examination of the respective subject.

8. The system of claim 1, wherein each of the plurality of insurance provider computing systems is respectively operated and/or provided by one of the plurality of insurance providers, and wherein the health profile of the respective subject is provided to the plurality of insurance provider computing systems for bid and/or quote.

9. A computer-implemented method for initiating offers for insurance based upon medical diagnostic examinations via an electronic or communications network, the method comprising:

for each medical diagnostic examination included in a plurality of medical diagnostic examinations that have been performed by a medical diagnostic provider on a plurality of subjects and whose respective results are stored in one or more data storage devices;

generating, by using one or more processors of a first computing system operated and/or provided by the medical diagnostic provider, a health profile of a respective subject of the medical diagnostic examination based upon the stored results of the medical diagnostic examination;

determining, by using the one or more processors of the first computing system and based upon the health profile of the respective subject, whether or not the respective subject is eligible as a pre-approved potential insured party for a plurality of insurance policy offers from a plurality of insurance providers for one or more types of insurance that require a medical diagnostic examination to be performed; and

when the respective subject is determined to be eligible as a pre-approved potential insured party for at least one of the plurality of insurance policy offers from the plurality of insurance providers for the one or more types of insurance;

triggering generation of a plurality of underwritten binding quotes for respective ones of the at least one of the plurality of insurance policy offers from the plurality of insurance providers for the one or more types of insurance for which the respective subject is eligible as a pre-approved potential insured party by providing, using a network interface of the first computing system and via the electronic or communications network, the health profile of the respective subject to a plurality of insurance provider computing systems that are operated and/or provided by the plurality of insurance providers;

receiving, via the network interface of the first computing system and the electronic or communications network from one or more of the plurality of insurance provider computing systems associated with the at least one of the plurality of insurance policy offers, the plurality of binding quotes for respective ones of a plurality of insurance policies for which the respective subject is eligible as a pre-approved insured party, each of the one or more binding quotes generated by the plurality of insurance provider computing system based upon the health profile of the respective subject, the health profile being a sole indication of a quality of health of the respective subject used by the plurality of insurance provider computing systems to generate the plurality of binding quotes; and

causing, by the one or more processors of the first computing system, respective indications of the plurality of underwritten binding quotes to be presented at a user interface to the respective subject that are generated based upon completion of the medical diagnostic examination of the respective subject.

10. The computer-implemented method of claim 9, wherein the one or more types of insurance includes at least one of a life insurance policy, a long-term care insurance policy, or a disability insurance policy.

11. The computer-implemented method of claim 9, wherein the one or more types of insurance includes different types of insurance policies.

12. The computer-implemented method of claim 9, further comprising:

receiving an indication of a selection of one of the binding quotes; and

providing, to the insurance provider computing system associated with the selected one of the plurality of binding quotes, an indication that the selected one of the binding quotes has been selected.

13. The computer-implemented method of claim 12, further comprising receiving an indication that the selected binding quote has been bound by the insurance provider, and at least one of refunding or crediting a cost of the medical diagnostic examination performed on the respective subject upon receiving the indication that the selected binding quote has been bound.

14. The computer-implemented method of claim 9, further comprising providing, to the plurality of insurance provider computing systems, one or more preferred insurance policy terms in conjunction with the health profile of the respective subject, and wherein the plurality of insurance provider computing systems generate the plurality binding quotes based upon the one or more preferred insurance policy terms.

15. The computer-implemented method of claim 14,

wherein the one or more preferred insurance policy terms include at least one of:

an amount of a premium payment, a term length, an insurance provider rating, a desired type of insurance, a payout amount, an annuity amount, a settlement option, or another insurance policy term; and

wherein at least one of the one or more preferred insurance policy terms is defined by the insurance provider associated with a selected binding offer.

16. The computer-implemented method of claim 9, wherein the medical diagnostic examination performed on the respective subject (i) includes an invasive procedure, and/or (ii) is performed as part of an annual physical examination of the respective subject.