Inventors:
Tomas Menocal - Port Orange FL, US
Kathleen Menocal - Port Orange FL, US
International Classification:
G06Q 40/00
Abstract:
A healthcare payment transaction system for managing and arranging payment for a healthcare service transaction provided by a healthcare service provider to a patient, particularly where the payment is to be paid by an insurer. The system includes an electronic deposit account for the healthcare service provider whereby the healthcare service provider records information regarding healthcare service transactions performed by the healthcare service provider for patients. It also features an electronic deposit account for the insurer whereby the insurer accesses information regarding healthcare service transactions for services provided for patients for which the insurer has payment responsibility. The insurer can also use its electronic deposit account to deposit payments for healthcare service transactions performed for patients covered by a policy issued by the insurer. A central system is used as a means for electronically transferring payments from the insurer's electronic deposit account to the healthcare service provider's electronic deposit account. A sweep function is further provided as a means for determining whether the healthcare service provider has recorded information regarding a healthcare service transaction for a patient for whom the insurer has payment responsibility.