Derek C Pederson

Title: Innovations by Derek C Pederson

Introduction

Derek C Pederson is an accomplished inventor based in Lakeville, MN (US). He has made significant contributions to the field of medical cost estimation through his innovative patents. With a total of two patents to his name, Pederson has demonstrated a commitment to improving healthcare cost transparency.

Latest Patents

Derek C Pederson's latest patents focus on systems and methods for estimating medical costs. One of his notable inventions includes a system, method, and computer program for estimating the cost of a medical procedure. This method involves averaging data from various geographies to form a national average amount billed for the procedure. It also includes associating this average with claim data items from health plans, grouping these items using episode classes, and calculating an average amount billed for each class. Additionally, the method adjusts the average amount billed by a geographic adjustment factor to provide an estimated cost for the medical procedure.

Career Highlights

Throughout his career, Derek has worked with prominent companies in the healthcare sector, including Ingenix, Inc. and OptumInsight, Inc. His experience in these organizations has allowed him to develop and refine his innovative ideas, contributing to advancements in medical cost estimation.

Collaborations

Derek has collaborated with various professionals in his field, including his coworker Thomas E Lynn. These collaborations have likely enriched his work and led to further innovations in healthcare cost estimation.

Conclusion

Derek C Pederson is a notable inventor whose work in estimating medical costs has the potential to transform healthcare financial practices. His innovative patents reflect a deep understanding of the complexities involved in medical billing and cost estimation.