US Patent No: 7,039,593

Number of patents in Portfolio can not be more than 2000

Payment convergence system and method

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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 58

Cited Art Landscape

Patent Info (Count) # Cites Year
 
Other [Check patent profile for assignment information] (2)
* 2002/0103,753 Charge splitter application 35 2001
* 2001/0038,033 Unified communications and commerce systems and methods, and device therefore 102 2001
 
HITACHI MAXELL, LTD. (1)
* 2003/0037,065 Method and apparatus for using medical ID smart card 22 2002
 
MED POWER, INC. (1)
* 5,235,507 Health insurance management system 180 1990
 
Optimum, Inc. (1)
* 5,930,759 Method and system for processing health care electronic data transactions 240 1996
 
UPAID SYSTEMS, LTD. (1)
* 2002/0052,754 Convergent communications platform and method for mobile and electronic commerce in a heterogeneous network environment 273 2001
 
GENWORTH FINANCIAL, INC. (1)
* 2004/0093,242 Insurance information management system and method 47 2003
 
NOKIA CORPORATION (1)
* 2003/0167,204 Method and system for providing content items to users 12 2002
 
REALMED CORPORATION (1)
* 6,208,973 Point of service third party financial management vehicle for the healthcare industry 278 1998
* Cited By Examiner

Patent Citation Ranking

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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
* 8,600,770 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 16 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
7,813,940 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 2 2011
 
GENWORTH HOLDINGS, INC. (11)
7,398,241 Method and system for portable retirement investment 79 2001
8,781,929 System and method for guaranteeing minimum periodic retirement income payments using an adjustment account 0 2002
8,412,545 System and process for providing multiple income start dates for annuities 4 2004
8,370,242 Systems and methods for providing a benefit product with periodic guaranteed minimum income 2 2005
8,024,248 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
8,612,263 Systems and methods for providing a cash value adjustment to a life insurance policy 0 2008
8,433,634 Systems and methods for providing a benefit product with periodic guaranteed income 1 2009
8,799,134 System and method for imbedding a defined benefit in a defined contribution plan 0 2011
9,105,063 Systems and methods for providing a benefit product with periodic guaranteed minimum income 0 2013
9,105,065 Systems and methods for providing a benefit product with periodic guaranteed income 0 2013
 
Oltine Acquistitions NY LLC (1)
7,970,626 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
 
CarePartners Plus (4)
7,979,286 Patient-interactive healthcare management 7 2007
8,533,006 Patient-interactive healthcare management 1 2011
8,504,386 Patient-interactive healthcare management 1 2011
8,781,859 Patient-interactive healthcare management 0 2013
 
GILBARCO INC. (3)
8,386,322 Integrated point of sale terminal 0 2010
* 2010/0325,003 INTEGRATED POINT OF SALE TERMINAL 4 2010
9,047,596 Integrated point of sale terminal 0 2013
 
CALLAHAN CELLULAR L.L.C. (10)
7,434,729 Healthcare card closed loop network 11 2005
* 2006/0167,720 Incentive Programs for Healthcare Cards 8 2005
7,905,399 Linking transaction cards with spending accounts 2 2006
* 2007/0175,985 Linking Transaction Cards With Spending Accounts 8 2006
7,922,083 Payment programs for healthcare plans 7 2006
* 2010/0116,882 PAYMENT PROGRAMS FOR HEALTHCARE PLANS 1 2006
7,590,557 Healthcare card incentive program for multiple users 16 2006
* 2007/0185,801 Healthcare Card Incentive Program For Multiple Users 5 2006
7,949,543 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 (1)
* 2009/0177,488 SYSTEM AND METHOD FOR ADJUDICATION AND SETTLEMENT OF HEALTH CARE CLAIMS 4 2008
 
American Family Life Assurance Company of Columbus (1)
* 2009/0144,094 Systems And Methods For Hospital Confinement And Care Industry Insurance Policy 1 2007
 
GOOGLE INC. (7)
7,516,886 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
7,712,658 Wallet consolidator and related methods of processing a transaction using a wallet consolidator 45 2007
7,708,198 Wallet consolidator to facilitate a transaction 44 2007
7,828,208 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 14 2009
8,225,995 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 6 2010
8,261,978 Wallet consolidator to facilitate a transaction 2 2011
 
GENWORTH FINANCIAL, INC. (1)
* 2004/0172,350 System and method for cross funding of multiple annuity contracts 78 2002
 
PUMP-ON LLC (2)
7,604,169 Methods and systems for customer validation using any of a plurality of identification documents and identification document readers 10 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, LLC. (1)
* 8,219,420 Method and apparatus for providing access to healthcare funds 0 2002
 
THOMSON REUTERS GLOBAL RESOURCES (1)
* 2008/0033,871 Management method and system for a user 5 2006
 
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 8 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 7 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 0 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 0 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)
* 7,739,129 Benefit plan intermediary 0 2006
* 2007/0239,492 Estimating benefit plan costs 5 2006
* 2007/0239,493 Benefit plan intermediary 63 2006
 
Thompson Reuters (Market) LLC (1)
* 8,775,214 Management method and system for a user 3 2006
 
FIRST DATA CORPORATION (1)
* 2007/0214,005 Medical account system and method 5 2006
 
ATHENAHEALTH, INC. (1)
* 2013/0332,186 METHODS AND APPARATUS FOR HEALTHCARE PAYMENT PROCESSING 1 2013
 
IDX INVESTMENT CORPORATION (2)
7,778,844 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
 
COIN, INC. (1)
* 2009/0164,380 FINANCIAL TRANSACTION NETWORK 34 2009
 
INSTAMED COMMUNICATIONS, LLC (4)
8,538,875 Process for linked healthcare and financial transaction initiation 0 2006
* 2007/0106,607 PROCESS FOR LINKED HEALTHCARE AND FINANCIAL TRANSACTION INITIATION 18 2006
* 2009/0157,435 SYSTEM AND METHOD OF ACCELERATED HEALTH CARE CLAIM PAYMENT 3 2008
8,731,962 Process for linked healthcare and financial transaction initiation 0 2012
 
AMERICAN EXPRESS COMPANY (1)
* 2007/0007,335 Healthcare Card Closed Loop Network System 1 2005
 
ACS State & Local Solutions, Inc. (11)
8,340,979 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
* 7,774,273 Systems and methods for processing benefits 8 2003
* 2004/0128,245 Systems and methods for processing benefits 16 2003
7,587,434 Method and system for managing a distributed transaction process 2 2003
* 2004/0088,298 Method and system for managing a distributed transaction process 4 2003
8,554,728 Method and system for managing a distributed transaction process 0 2009
* 7,865,437 Systems and methods for processing benefits 5 2010
* 2010/0280,967 Systems and Methods for Processing Benefits 1 2010
8,185,470 Systems and methods for processing benefits 2 2010
8,315,946 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