Method of managing the business of a medical scheme

Details Method of managing the business of a medical scheme Method of managing the business of a medical scheme

2004-04-06

2009-11-24

O'Connor, Gerald J. (Department: 3686)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Insurance

C705S003000, C705S002000

Reexamination Certificate

active

07624032

ABSTRACT:
The present invention relates to a method of managing the business of a medical scheme wherein the provider of such medical scheme undertakes liability in return for a premium or contribution, and provides to members who pay such premiums or make such contributions, relevant health services, and/or assistance in defraying expenses incurred in connection with rendering such relevant health services. The improvement comprises in calculating a difference amount which is the amount of the premiums or contributions paid by a member to the medical scheme less the costs incurred on the member's behalf by the medical scheme. This difference amount is then accumulated in a health fund. At a predetermined point in time, if the balance in the health fund is positive, the member is paid out at least a portion of the balance in the health fund.

REFERENCES:
patent: 2001/0037214 (2001-11-01), Raskin et al.
patent: 2001/0037275 (2001-11-01), Johnson et al.
patent: 2002/0002495 (2002-01-01), Ullman
patent: 2002/0111827 (2002-08-01), Levin et al.
patent: 2002/0138309 (2002-09-01), Thomas, Jr.
patent: 2002/0152097 (2002-10-01), Javors
patent: 2003/0009355 (2003-01-01), Gupta
patent: 2003/0028483 (2003-02-01), Sanders et al.

Affiliated with

Also associated with

Rating

Method of managing the business of a medical scheme does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Method of managing the business of a medical scheme, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Method of managing the business of a medical scheme will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-4115142