Robert S Strickland

US Patent:

20140088999, Mar 27, 2014

Filed:

Nov 27, 2013

Appl. No.:

14/091396

Inventors:

- WestLake OH, US
William A. MINNICH - Lakewood OH, US
George O. DONOVAN - New York NY, US
John J. GOBA - Westlake OH, US
Robert E. STRICKLAND - Duluth GA, US

Assignee:

ELECTRONIC COMMERCE FOR HEALTHCARE ORGANIZATIONS, INC. - Westlake OH

International Classification:

G06Q 20/10
G06Q 50/22

US Classification:

705 2

Abstract:

Segregated employer group settlement accounts () receive payments for medical insurance claims and an explanation of benefits (EOB) memory () receives an explanation of the medical services of multiple medical service providers against which parts of the payment are to be applied and explanations of amounts due by individual patients. An electronic sorting and transfer processor () in accordance with the explanations of benefits, electronically transfers funds from each of the employer group settlement accounts into each of a plurality of medical service provider settlement accounts () without co-mingling funds. The funds from the service provider settlement accounts are transferred () to each medical service provider's banking institution () concurrently with an electronic transfer of the corresponding EOBs to the medical service provider's accounting system ().