Company Filing History:
Years Active: 2014
Title: The Innovative Mind of Patrick Bryan
Introduction
Patrick Bryan is an accomplished inventor based in Prospect, Kentucky. He has made significant contributions to the field of healthcare through his innovative ideas and solutions. His work focuses on reducing healthcare claim costs by leveraging financial incentives and member engagement metrics.
Latest Patents
Patrick Bryan holds a patent for a method designed to use financial incentives with member engagement metrics to reduce healthcare claim costs. This health care plan system aims to lower future claims costs by setting pre-defined targets for member engagement metrics. The system establishes claims cost targets for sponsors based on their ability to meet these engagement metrics. If the claims cost target is missed, the health plan administrator is required to repay or reduce the administrative fees charged to the sponsor. Conversely, if the target is met, the sponsor pays additional fees to the health plan administrator. The system also includes provisions for repaying or reducing base administrative fees if the health care plan administrator fails to meet service performance targets. Throughout the plan year, sponsors receive scorecards to appraise their progress on member engagement and service performance metrics.
Career Highlights
Patrick Bryan is currently employed at Humana Inc., where he continues to develop innovative solutions in the healthcare sector. His work has been instrumental in shaping strategies that enhance member engagement and reduce costs for healthcare plans.
Collaborations
Patrick collaborates with several professionals in his field, including coworkers Beth Bierbower and Traci Elliot. Their combined expertise contributes to the success of the projects they undertake at Humana Inc.
Conclusion
Patrick Bryan's innovative approach to healthcare cost management through his patented method showcases his commitment to improving the industry. His contributions are paving the way for more effective healthcare solutions that benefit both sponsors and members alike.