Method of product procurement and cash flow including a...

Details Method of product procurement and cash flow including a... Method of product procurement and cash flow including a...

2008-03-04

2008-03-04

Gilligan, C. Luke (Department: 3626)

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

Automated electrical financial or business practice or...

Health care management

C705S003000, C705S004000, C705S026640, C600S300000, C600S301000

Reexamination Certificate

active

07340401

ABSTRACT:
A method of order placement and product delivery between a healthcare facility and a third party payor, such as an insurance provider, in which a transaction facilitator submits the order for a prescribed medical device and generates a claim from the transaction facilitator to the insurance company. The healthcare facility initially contacts the insurance provider to obtain authorization for a prescribed medical device and medical procedure. Upon granting authorization, the insurance provider contacts the transaction facilitator to select the medical device. The transaction facilitator orders the medical device and arranges for delivery from manufacturer to the healthcare facility. Upon implantation, the transaction facilitator bills the insurance provider. At no time does the healthcare facility receive a bill from the manufacturer, thereby eliminating the bill for the medical device from the healthcare facility to the insurance provider.

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