SYSTEM AND PROCEDURES FOR CONSOLIDATION, RECONCILIATION AND PAYMENT MANAGEMENT
Patent Information
- Authority / Receiving Office
- DE · DE
- Patent Type
- Patents
- Current Assignee / Owner
- SALUS FINANCE LLC
- Filing Date
- 2020-06-05
- Publication Date
- 2026-04-22
AI Technical Summary
Current insurance and benefits management systems are inefficient, leading to inaccurate billing, difficulty in managing multiple vendors, and inadequate data security, especially across different jurisdictions.
A centralized system with a rules engine, consolidation and reconciliation modules, and payment processing capabilities that automates the consolidation, reconciliation, and payment management of insurance and benefits data, utilizing natural language processing and neural networks to identify billing issues and ensure compliance with security protocols.
The system provides accurate, efficient, and secure billing and payment processes, minimizing errors and time, and ensuring compliance with regulatory rules, while integrating with various third-party systems and data formats.