Patents by Inventor P. Otterbach

P. Otterbach 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: 20060116906
    Abstract: A Financial Management Company (FMC) purchases qualified receivables and other claims generated by a medical practice's performance of certain diagnostic and other medical testing services utilizing medical testing equipment leased through the FMC. Advance payment for the purchased accounts receivable (A/R) is made to the medical practice by the FMC following the performance of the medical testing services generating the A/R, but at a fraction of the stated value of the A/R. Also, the FMC pays the medical practice's monthly lease payment for the medical testing equipment. The FMC then proceeds with claim processing and adjudication of the A/R with the insurance carrier, and retains the subsequent carrier payments on the purchased A/R.
    Type: Application
    Filed: November 9, 2005
    Publication date: June 1, 2006
    Inventors: P. Otterbach, Kendal Stewart