Virtual Share Exchange Platform Attribute-Based Cost Allocation

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Solution Overview

Problem

The centralized health insurance model has become unaffordable and inefficient due to government regulations, leading to a need for decentralized approaches to healthcare cost financing and sharing, where individuals are responsible for their own medical bills and seek innovative ways to pool resources effectively.

Innovation Solution

A Virtual Share Exchange (VSE) platform that uses computing devices to establish member sharing accounts, calculate attribute scores based on similarities between members, rank accounts for payment sharing, and electronically transfer funds for healthcare bills, incorporating attributes like zip codes, medical conditions, family compositions, and social media interests to facilitate transparent and efficient member-to-member healthcare cost sharing.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If a centralized health insurance model is used, then comprehensive healthcare coverage is provided, but the system becomes unaffordable and inefficient due to government regulations

Engineering Contradiction:

Improvehealthcare coverage reliabilityVSAvoidsystem efficiency

Core Design Contradiction:

ReliabilityVSProductivity

Solution Approach 1:

The patent segments the centralized insurance system into multiple decentralized member-to-member sharing relationships. Each member independently shares costs with specific peers based on attribute matching, replacing the monolithic centralized structure with numerous small-scale sharing pairs that maintain coverage reliability while improving operational efficiency

Inventive Principle:

Principle #1Segmentation

Solution Approach 2:

The patent introduces a new dimension of attribute-based matching (geographic, demographic, health status) to organize sharing relationships. This multi-dimensional approach allows the system to maintain comprehensive coverage while achieving efficiency through targeted, attribute-based peer matching rather than traditional centralized processing

Inventive Principle:

Principle #17Another dimension (Dimensionality change)

2Productivity

If individuals are responsible for their own medical bills in a decentralized model, then system efficiency improves, but the ability to pool resources effectively decreases

Engineering Contradiction:

Improvesystem efficiencyVSAvoidpooling capacity

Core Design Contradiction:

ProductivityVSQuantity of substance

Solution Approach 1:

The patent merges multiple individual sharing relationships into a coordinated network where members with similar attributes pool resources together. This combining of individual accounts into attribute-based pools maintains system efficiency while restoring effective resource pooling capacity through automated matching and fund allocation

Inventive Principle:

Principle #5Merging (Combining)

3Loss of information

If attribute-based matching is implemented to match contributors with bill owners, then transparency and accountability improve, but system complexity increases

Engineering Contradiction:

ImprovetransparencyVSAvoidsystem complexity

Core Design Contradiction:

Loss of informationVSDevice complexity

Solution Approach 1:

The patent implements self-service automation where the system automatically performs attribute matching, score calculation, and fund allocation without manual intervention. This automation maintains high transparency and accountability through visible matching criteria while reducing operational complexity by eliminating manual processing steps

Inventive Principle:

Principle #25Self-service

4Measurement precision

If multiple attributes (zip codes, medical conditions, family compositions) are used for matching, then matching precision improves, but computational requirements increase

Engineering Contradiction:

Improvematching precisionVSAvoidcomputational energy

Core Design Contradiction:

Measurement precisionVSUse of energy by moving object

Solution Approach 1:

The patent applies local quality by weighting different attributes differently based on their relevance to cost sharing. Geographic attributes like zip codes receive higher weights for initial matching, while other attributes refine the matching. This differentiated approach improves matching precision while reducing computational energy by avoiding equal processing of all attributes

Inventive Principle:

Principle #3Local quality

Data Source

PatentUS11593777B2Computing system for sharing networks providing payment allocation based upon attribute scoring and related methods

Publication Date: 2023.02.28 SHARABLE LLC

AI summary

A computing device may include a memory and a processor configured to cooperate with the memory to establish member sharing accounts for respective members of a virtual share exchange (VSE) for sharing payment of member healthcare bills across the member sharing accounts, where the members have different attributes associated therewith. For a member healthcare bill associated with a given member, the processor may calculate respective attribute scores for the other members of the VSE based upon similarities between the attributes of the other members and the attributes of the given member, rank the member sharing accounts for payment sharing of the member healthcare bill based upon the calculated attribute scores, and electronically transfer funds between the member sharing accounts for payment sharing of the member healthcare bill based upon the ranking of the member sharing accounts.