MARTIN KOENIG
Nursing in Delafield, WI

License number
DC RN1002531
Issued Date
Apr 22, 2003
Expiration Date
Jun 30, 2004
Category
NURSING
Type
REGISTERED NURSE
Address
Address
Delafield, WI

Professional information

Martin Koenig Photo 1

Method Of Product Procurement And Cash Flow Including A Manufacturer, A Transaction Facilitator, And Third Party Payor

US Patent:
7340401, Mar 4, 2008
Filed:
Jun 18, 2001
Appl. No.:
09/883557
Inventors:
Martin D. Koenig - Delafield WI, US
Jeffrey J. Mathy - Muskego WI, US
International Classification:
G06Q 10/00
US Classification:
705 2, 705 3, 705 4, 705 26, 600300, 600301
Abstract:
A method of order placement and product delivery between a healthcare facility and a third party payor, such as an insurance provider, in which a transaction facilitator submits the order for a prescribed medical device and generates a claim from the transaction facilitator to the insurance company. The healthcare facility initially contacts the insurance provider to obtain authorization for a prescribed medical device and medical procedure. Upon granting authorization, the insurance provider contacts the transaction facilitator to select the medical device. The transaction facilitator orders the medical device and arranges for delivery from manufacturer to the healthcare facility. Upon implantation, the transaction facilitator bills the insurance provider. At no time does the healthcare facility receive a bill from the manufacturer, thereby eliminating the bill for the medical device from the healthcare facility to the insurance provider.