Timothy D Adkins

US Patent:

20180374159, Dec 27, 2018

Filed:

Apr 25, 2018

Appl. No.:

15/962777

Inventors:

- Westlake OH, US
Ryan J. Davis - North Ridgeville OH, US
Katharine A. Hoosenally - Westlake OH, US
John J. Lombardi - Rocky River OH, US
Kristopher Todd Kern - Strongsville OH, US
Timothy Scott Adkins - Sequim WA, US
Charles E. Kirkpatrick - Spring TX, US
Tod David Logterman - Fairview Park OH, US

Assignee:

ELECTRONIC COMMERCE FOR HEALTHCARE ORGANIZATIONS, INC. - Westlake OH

International Classification:

G06Q 40/08
G16H 10/60

Abstract:

Disclosed is a system and method of providing a complete payment of a medical claim to a medical service provider. According to an exemplary embodiment, multiple insurer/employer payer processers each provide funds associated with an insurer's/employer's portion of a claim and funds associated with the patient's portion of the claim to a central financial interchange settlement process which provides a complete payment to the medical service provider. According to an exemplary embodiment, the financial interchange is operatively associated with a patient reserve trust which operates as a guarantor of the patient portion funds paid to the medical service provider in the event the patient's adjudicated portion is ultimately unpaid by the patient.