Abstract: Disclosed is a system and method for creating a financial index related to healthcare costs. A financial derivative instrument can be created from the index. Using the financial derivative instrument, an entity can hedge against unexpected fluctuations of healthcare costs.
Type:
Grant
Filed:
July 8, 2005
Date of Patent:
November 19, 2013
Assignee:
Open Market Partners, Inc.
Inventors:
Thomas Leonard Smith, Marshall Howard Hudes, James Mark Slaba
Abstract: Disclosed are novel tangible financial instruments that allow entities to effectively and efficiently hedge the highly volatile fluctuations associated with predicting healthcare costs and revenues by converting healthcare services into commodities and constructing a financial derivative and a security with an underlying value based on the commodity. The financial instruments create a more efficient marketplace for the exchange of healthcare related products and services.
Type:
Grant
Filed:
December 30, 2005
Date of Patent:
September 21, 2010
Assignee:
Open Market Partners, Inc.
Inventors:
Thomas Leonard Smith, Marshall Howard Hudes, James Mark Staba
Abstract: Disclosed is a system and method for creating a financial index related to healthcare costs. A financial derivative instrument can be created from the index. Using the financial derivative instrument, an entity can hedge against unexpected fluctuations of healthcare costs.
Type:
Grant
Filed:
July 8, 2005
Date of Patent:
July 27, 2010
Assignee:
Open Market Partners, Inc.
Inventors:
Thomas Leonard Smith, Marshall Howard Hudes, James Mark Slaba
Abstract: Disclosed is a system and method for creating a financial index related to healthcare costs. A financial derivative instrument can be created from the index. Using the financial derivative instrument, an entity can hedge against unexpected fluctuations of healthcare costs.
Type:
Grant
Filed:
July 8, 2005
Date of Patent:
March 2, 2010
Assignee:
Open Market Partners, Inc.
Inventors:
Thomas Leonard Smith, Marshall Howard Hudes, James Mark Slaba