ALEXANDRIA, Va., April 9 -- United States Patent no. 12,271,395, issued on April 8, was assigned to Optum Services (Ireland) Ltd. (Dublin).
"Focusing unstructured data and generating focused data determinations from an unstructured data set" was invented by Colum Foley (County Dublin, Ireland) and Paul Ferguson (Dublin).
According to the abstract* released by the U.S. Patent & Trademark Office: "Each year, almost 10% of claims are denied by payers (i.e., health insurance plans). With the cost to recover these denials and underpayments, predicting payer response (likelihood of payment) from claims data with a high degree of accuracy and precision is anticipated to improve healthcare staffs' performance productivity and drive better patient...