Patents by Inventor Michael C. Cannata

Michael C. Cannata has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20120136809
    Abstract: A method of creating a per quantity price for an item for use by a price management system includes the step of utilizing a computer that includes relational database software. The method also includes the steps of determining a final price (FP) for the item and adjusting the FP by a slope quantity percent (SQP) that is based on a quantity of the item sold and on data stored on the computer to arrive at a pre-slope price (PSP). The method further includes the steps of identifying a benchmark price (BP) for the item, calculating a base quantity percent (BQP) for the item based on the PSP and BP, and providing the BQP for the item to the price management system for use in pricing orders for that item.
    Type: Application
    Filed: February 1, 2012
    Publication date: May 31, 2012
    Inventors: Michael C. Cannata, Charles J. Cannata
  • Publication number: 20100057640
    Abstract: A method of creating an electronic pricing schedule for use by a pharmaceutical pricing system includes the steps of determining an average wholesale price (“AWP”) for a quantity of a drug, determining a median sales price (“MSP”) for the quantity of the drug, wherein the MSP is based on historical sales data, and determining a discount rate based on the quantity of the drug. The method further includes the steps of calculating a gross profit percentage (“GP %”), wherein the GP % is based on the AWP, the MSP, and the discount rate, and generating an electronic pricing schedule, wherein the drug is associated with the GP %.
    Type: Application
    Filed: August 27, 2008
    Publication date: March 4, 2010
    Inventor: Michael C. Cannata