Payment convergence system and method

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 7039593
APP PUB NO 20030236747A1
SERIAL NO

10217903

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A method and system is provided for convergence of multiple independent applications into a single payment vehicle. In the context of a medical procedure, the invention provides for the convergence of medical/dental insurance with at least one secondary payment source to effect payment for the entire procedure. Through the instant invention insurance benefit information can be determined and funds blocked, then secondary payment source(s) can be utilized to effect payment of the insurance co-payment amount. The use of Smart Card technology enables the convergence at the point of sale of information about multiple applications/payment sources (i.e. insurance plan and secondary payment plan) that are processed to determine the amount of payment to be received from each source.

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First Claim

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Patent Owner(s)

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International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Sager, Robert David Manhattan, KS 9 61

Cited Art Landscape

Patent Info (Count) # Cites Year
 
Other [Check patent profile for assignment information] (2)
* 2002/0103,753 Charge splitter application 38 2001
* 2001/0038,033 Unified communications and commerce systems and methods, and device therefore 103 2001
 
HITACHI MAXELL, LTD. (1)
* 2003/0037,065 Method and apparatus for using medical ID smart card 22 2002
 
MED POWER, INC. (1)
* 5235507 Health insurance management system 185 1990
 
Optimum, Inc. (1)
* 5930759 Method and system for processing health care electronic data transactions 246 1996
 
UPAID SYSTEMS, LTD. (1)
* 2002/0052,754 Convergent communications platform and method for mobile and electronic commerce in a heterogeneous network environment 293 2001
 
GENWORTH FINANCIAL, INC. (1)
* 2004/0093,242 Insurance information management system and method 48 2003
 
NOKIA CORPORATION (1)
* 2003/0167,204 Method and system for providing content items to users 12 2002
 
REALMED CORPORATION (1)
* 6208973 Point of service third party financial management vehicle for the healthcare industry 283 1998
* Cited By Examiner

Patent Citation Ranking

Forward Cite Landscape

Patent Info (Count) # Cites Year
 
Other [Check patent profile for assignment information] (9)
* 2005/0010,439 Method of promoting employee wellness and health insurance strategy for same 11 2003
* 8600770 Payment convergence system and method 0 2006
* 2007/0094,047 PAYMENT CONVERGENCE SYSTEM AND METHOD 8 2006
* 2007/0299,699 System and Method for Initiation of Payment of a Member Cost Portion of Insurance Claim Expenses 19 2007
* 2008/0172,248 SYSTEM AND METHOD FOR ENABLING HEALTH CARE PROVIDERS TO EFFECT COMPENSATORY INVOICING OF PATIENTS WHO USE A COVERAGE ENTITY IN ADDITION TO THEIR HEALTH INSURER 1 2007
7813940 System and method for enabling health care providers to effect compensatory invoicing of patients who use a coverage entity in addition to their health insurer 1 2007
* 2008/0172,250 SYSTEM AND METHOD FOR ENABLING HEALTH CARE PROVIDERS TO EFFECT COMPENSATORY INVOICING OF PATIENTS WHO USE A COVERAGE ENTITY IN ADDITION TO THEIR HEALTH INSURER 1 2007
* 2010/0274,649 CREDIT CARD PROVIDING ENHANCED BENEFITS, METHOD AND SYSTEM FOR USING SAME 0 2009
* 2011/0225,006 PATIENT-INTERACTIVE HEALTHCARE MANAGEMENT 3 2011
 
GENWORTH HOLDINGS, INC. (12)
7398241 Method and system for portable retirement investment 79 2001
* 2002/0188,540 Method and system for portable retirement investment 28 2001
8781929 System and method for guaranteeing minimum periodic retirement income payments using an adjustment account 0 2002
8412545 System and process for providing multiple income start dates for annuities 4 2004
8370242 Systems and methods for providing a benefit product with periodic guaranteed minimum income 2 2005
8024248 System and method for imbedding a defined benefit in a defined contribution plan 3 2005
* 2007/0143,199 S/M FOR PROVIDING AN OPTION TO CONVERT A PORTFOLIO OF ASSETS INTO A GUARANTEED INCOME FLOW AT A FUTURE DATE 19 2006
8612263 Systems and methods for providing a cash value adjustment to a life insurance policy 0 2008
8433634 Systems and methods for providing a benefit product with periodic guaranteed income 1 2009
8799134 System and method for imbedding a defined benefit in a defined contribution plan 0 2011
9105063 Systems and methods for providing a benefit product with periodic guaranteed minimum income 0 2013
9105065 Systems and methods for providing a benefit product with periodic guaranteed income 0 2013
 
Oltine Acquistitions NY LLC (1)
7970626 Facilitating payments to health care providers 2 2005
 
AFLAC (3)
* 2005/0203,781 Vision care and protection policy 3 2005
* 2005/0209,894 Systems and devices for vision protection policy 14 2005
* 2007/0038,482 Cosmetic dental insurance policy 1 2005
 
THOMSON REUTERS GLOBAL RESOURCES (TRGR) (1)
* 2008/0033,871 Management method and system for a user 5 2006
 
FITBIT, INC. (1)
* 2009/0164,380 FINANCIAL TRANSACTION NETWORK 49 2009
 
CarePartners Plus (4)
7979286 Patient-interactive healthcare management 7 2007
8533006 Patient-interactive healthcare management 1 2011
8504386 Patient-interactive healthcare management 1 2011
8781859 Patient-interactive healthcare management 0 2013
 
GILBARCO INC. (3)
8386322 Integrated point of sale terminal 0 2010
* 2010/0325,003 INTEGRATED POINT OF SALE TERMINAL 5 2010
9047596 Integrated point of sale terminal 0 2013
 
CALLAHAN CELLULAR L.L.C. (10)
7434729 Healthcare card closed loop network 11 2005
* 2006/0167,720 Incentive Programs for Healthcare Cards 9 2005
7905399 Linking transaction cards with spending accounts 2 2006
* 2007/0175,985 Linking Transaction Cards With Spending Accounts 9 2006
7922083 Payment programs for healthcare plans 11 2006
* 2010/0116,882 PAYMENT PROGRAMS FOR HEALTHCARE PLANS 2 2006
7590557 Healthcare card incentive program for multiple users 16 2006
* 2007/0185,801 Healthcare Card Incentive Program For Multiple Users 5 2006
7949543 Methods, systems, and computer program products for promoting healthcare information technologies to card members 1 2007
* 2008/0195,415 Methods, Systems, and Computer Program Products for Promoting Healthcare Information Technologies to Card Members 0 2007
 
DFS SERVICES LLC (2)
* 2009/0083,065 Automatic Substantiation of Health-Related Purchases Using a HIPAA-Unregulated Network 2 2007
* 2009/0177,488 SYSTEM AND METHOD FOR ADJUDICATION AND SETTLEMENT OF HEALTH CARE CLAIMS 4 2008
 
GOOGLE INC. (7)
7516886 System for associating identification and personal data for multiple magnetic stripe cards or other sources to facilitate a transaction and related methods 20 2007
* 2008/0048,026 System for Associating Identification and Personal Data for Multiple Magnetic Stripe Cards or Other Sources to Facilitate a Transaction and Related Methods 6 2007
7712658 Wallet consolidator and related methods of processing a transaction using a wallet consolidator 55 2007
7708198 Wallet consolidator to facilitate a transaction 54 2007
7828208 Retail point-of-transaction system, program products, and related methods to provide a customized set of identification data to facilitate a transaction using electronic coupons 15 2009
8225995 Retail point-of-transaction system, program products, and related methods to provide a customized set of identification data to facilitate a transaction using electronic coupons 7 2010
8261978 Wallet consolidator to facilitate a transaction 3 2011
 
Thompson Reuters (Market) LLC (1)
* 8775214 Management method and system for a user 4 2006
 
GENWORTH FINANCIAL, INC. (1)
* 2004/0172,350 System and method for cross funding of multiple annuity contracts 78 2002
 
PUMP-ON LLC (2)
7604169 Methods and systems for customer validation using any of a plurality of identification documents and identification document readers 12 2006
* 2006/0202,027 Methods and systems for customer validation using any of a plurality of identification documents and identification document readers 8 2006
 
GENERAL ELECTRIC COMPANY (1)
* 2008/0288,280 SYSTEM AND METHOD FOR MEETING PAYER PROTOCOLS 1 2007
 
MANNING & NAPIER INFORMATION SERVICES (1)
* 8219420 Method and apparatus for providing access to healthcare funds 1 2002
 
MEDICAL PRESENT VALUE, INC. (1)
* 2011/0112,873 System and Method for Electronically Monitoring, Alerting, and Evaluating Changes in a Health Care Payor Policy 2 2010
 
OLTINE ACQUISITIONS NY L.L.C. (12)
* 2007/0194,108 Assured Payments For Health Care Plans 9 2006
* 2007/0185,802 Incentive Programs For Healthcare Cards 6 2006
* 2007/0185,799 Spending Account Systems and Methods 8 2006
* 2007/0185,800 Spending Account Systems and Methods 8 2006
* 2008/0120,234 Variable Revenue Sharing For Multiple Account Payment Instruments 2 2006
* 2008/0183,627 Filtered healthcare payment card linked to tax-advantaged accounts 1 2007
* 2008/0201,176 PRACTICE MANAGEMENT SYSTEM (PMS) INTEGRATION METHOD 1 2007
* 2008/0201,165 PRACTICE MANAGEMENT SYSTEM (PMS) INTEGRATION 0 2007
* 2008/0197,188 TRANSMISSION AND CAPTURE OF LINE-ITEM-DETAIL TO ASSIST IN TRANSACTION SUBSTANTIATION AND MATCHING 1 2007
* 2009/0006,135 Accelerated Payments for Health Care Plans 0 2007
* 2009/0006,251 UNIVERSAL ROLLOVER ACCOUNT 1 2007
* 2010/0070,409 Healthcare Card Incentive Program for Multiple Users 2 2009
 
ACCENTURE GLOBAL SERVICES LIMITED (3)
* 7739129 Benefit plan intermediary 0 2006
* 2007/0239,492 Estimating benefit plan costs 5 2006
* 2007/0239,493 Benefit plan intermediary 70 2006
 
FIRST DATA CORPORATION (1)
* 2007/0214,005 Medical account system and method 6 2006
 
ATHENAHEALTH, INC. (1)
* 2013/0332,186 METHODS AND APPARATUS FOR HEALTHCARE PAYMENT PROCESSING 1 2013
 
AMERICAN FAMILY LIFE ASSURANCE COMPANY OF COLUMBUS (AFLAC) (1)
* 2009/0144,094 Systems And Methods For Hospital Confinement And Care Industry Insurance Policy 1 2007
 
IDX INVESTMENT CORPORATION (2)
7778844 System and method for managing the exchange of information between healthcare systems 0 2005
* 2007/0033,066 System and method for managing the exchange of information between healthcare systems 3 2005
 
INSTAMED COMMUNICATIONS, LLC (4)
8538875 Process for linked healthcare and financial transaction initiation 0 2006
* 2007/0106,607 PROCESS FOR LINKED HEALTHCARE AND FINANCIAL TRANSACTION INITIATION 22 2006
* 2009/0157,435 SYSTEM AND METHOD OF ACCELERATED HEALTH CARE CLAIM PAYMENT 3 2008
8731962 Process for linked healthcare and financial transaction initiation 0 2012
 
AMERICAN EXPRESS COMPANY (1)
* 2007/0007,335 Healthcare Card Closed Loop Network System 2 2005
 
ACS State & Local Solutions, Inc. (11)
8340979 Systems and methods for electronically processing government sponsored benefits 2 2003
* 2004/0064,332 Systems and methods for electronically processing government sponsored benefits 33 2003
* 7774273 Systems and methods for processing benefits 8 2003
* 2004/0128,245 Systems and methods for processing benefits 16 2003
7587434 Method and system for managing a distributed transaction process 2 2003
* 2004/0088,298 Method and system for managing a distributed transaction process 6 2003
8554728 Method and system for managing a distributed transaction process 0 2009
* 7865437 Systems and methods for processing benefits 5 2010
* 2010/0280,967 Systems and Methods for Processing Benefits 1 2010
8185470 Systems and methods for processing benefits 2 2010
8315946 Systems and methods for processing benefits 0 2012
 
AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. (1)
* 2007/0194,109 Payment Programs For Healthcare Plans 8 2006
* Cited By Examiner

Maintenance Fees

Fee Large entity fee small entity fee micro entity fee due date
11.5 Year Payment $7400.00 $3700.00 $1850.00 Nov 2, 2017
Fee Large entity fee small entity fee micro entity fee
Surcharge - 11.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge after expiration - Late payment is unavoidable $700.00 $350.00 $175.00
Surcharge after expiration - Late payment is unintentional $1,640.00 $820.00 $410.00