Company Filing History:
Years Active: 2013
Title: Karnik Patel: Innovator in Generic Opportunity Scoring
Introduction
Karnik Patel is a notable inventor based in Piscataway, NJ (US). He has made significant contributions to the field of pharmaceuticals through his innovative patent. His work focuses on improving the identification and utilization of generic drugs, which can lead to substantial savings in healthcare.
Latest Patents
Karnik Patel holds a patent for "Methods and systems for generic opportunity scoring." This computer-implemented method determines a Generic Opportunity Score (GOS) that demonstrates how generic utilization can be better identified and improved. The GOS provides savings information relative to clinically appropriate generic alternatives. The process involves calculating the GOS as the proportion of generic prescriptions dispensed compared to the maximum number of prescriptions that have a generic equivalent. Additionally, it can determine the GOS based on the number of generic claims dispensed over the total number of generic claims plus brand claims that have a generic equivalent.
Career Highlights
Karnik Patel is associated with Medcohealth Solutions, Inc., where he applies his expertise in developing systems that enhance the performance of generic drugs. His innovative approach has the potential to transform how generic medications are utilized in the healthcare system.
Collaborations
Karnik has worked alongside notable colleagues such as Kenneth Malley and Keith Bradbury. Their collaborative efforts contribute to the advancement of healthcare solutions through innovative technologies.
Conclusion
Karnik Patel's work in generic opportunity scoring exemplifies the impact of innovation in the pharmaceutical industry. His contributions not only enhance the understanding of generic drug utilization but also pave the way for improved healthcare savings.