Patents

By organizing the basic building blocks by which consumer (including medical) receivables are ordered, valued, and analyzed for collection, purchasing, or servicing, TriCap’s intellectual property portfolio sits at the center of U.S. consumer debt and receivables marketplace activity.

U.S. Patent No.  7,949,597

Abstract: An internet-based system for organization and collection of specialized debt that is delinquent; an example of specialized debt being healthcare debt

Description: The patent is based on a Provisional Application filed on Feb. 2, 2007. The Application No. of the Provisional Application is 60/899,015. It affords TriCap the exclusive rights to place consumer and medical receivables on a market and online trading exchange.

Granted Claims:

  1. A method for the collection of disorganized specialized debt wherein the specialized debt is held by a healthcare provider, the method comprising:

organizing by a computer the disorganized specialized debt into a portfolio of organized specialized debt by a method including sorting the delinquent specialized debt by employing a sorting parameter to obtain sorted delinquent specialized debt, ranking the sorted debt by employing a ranking parameter to obtain ranked debt, and scoring the ranked debt by employing a scoring parameter to obtain a final score represented by a single number;

wherein the sorting parameter, for each specific account in the portfolio of specialized debt, comprises:

(a) outstanding unpaid balance on the account;

(b) age of the account;

(c) prior collection history of the account;

(d) demographics of the debtor profile, based on household income and home value;

(e) geographic distribution of debtor, based on a parameter selected from the group consisting of a state and a zip code;

(f) type of service provided to the debtor;

(g) date of service provided;

(h) type of debtor/payer classification selected from the group consisting of individual, insurance provider and government provider;

wherein the ranking parameter comprises:

(j) an intrinsic value for each sorting parameter (a)-(h);

(k) a comparative value for each sorting parameter; and

wherein the scoring parameter comprises a calculation to obtain the final score, wherein the calculation is an additive process, and wherein the final score represents the collectability and the base value of the portfolio of organized specialized debt;

linking by an electronic input-output device the final score to a secure website on the internet;

viewing by electronic processors the final score by at least two debt collection agencies;

placing bids by the electronic processors on the final score by the at least two debt collection agencies; and

contacting by a communications network the debt collection agency that submitted a winning bid.

  1. The method according to claim 1 wherein the debt collection agency that submits the winning bid obtains an exclusive recovery right.

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U.S. Patent No. 8,233,209

Abstract: An internet-based system for organization and collection of specialized debt that is delinquent; an example of specialized debt being healthcare debt.

Description: The patient is a continuation application of U.S. patent application Ser. No. 12/068,041; now U.S. Pat. No. 7,949,597. It strengthens TriCap’s governance over U.S. receivables activities by affording us exclusive rights to employ many, if not most, of the processes collection and revenue cycle firms use to organize, sort, value and collect consumer debt, including patient medical accounts.

Granted Claims:

1) A method for the organization of disorganized receivables comprising:

organizing by a computer the disorganized receivables into a portfolio of organized receivables by a method including sorting the delinquent receivables by employing a sorting parameter to obtain sorted receivables, ranking the sorted receivables by employing a ranking parameter to obtain ranked receivables, and scoring the ranked receivables by employing a scoring parameter to obtain a final score; wherein the sorting parameter, for each specific account in the receivables, comprises:

(a) outstanding unpaid balance on the account;

(b) age of the account;

(c) prior collection history of the account;

(d) household income and home value of the debtor on the account;

(e) geographic distribution of debtor, based on a parameter which is a member selected from a state, a zip code, a phone number, an employer and a work phone

(f) type of debtor/payer classification selected from the group consisting of individual, business entity, insurance provider and government provider;

wherein the ranking parameter comprises:

(g) an intrinsic value for each sorting parameter (a)-(f);

(h) a comparative value for each sorting parameter (a)-(f); and

wherein the scoring parameter comprises a calculation to obtain the final score, and wherein the final score represents the collectability and the base value of the portfolio of organized receivables; and linking by an electronic input-output device the final score to a secure website on the internet.

2) The method according to claim 1 comprising viewing by electronic processors the final score by at least two debt collection agencies; and placing bids by the electronic processors on the final score by the at least two debt collection agencies.

3) The method according to claim 2 including contacting by a communications network the debt collection agency that submitted a winning bid, wherein the debt collection agency that submits the winning bid obtains an exclusive recovery right.

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US Patent No. 8,442,903

Abstract: An internet-based system for organization and collection of specialized debt that is delinquent; an example of specialized debt being healthcare debt.

Description: This patient is a divisional of U.S. patent application Ser. No. 13/064,806; now U.S. Pat. No. 8,234,209, which is a continuation application of U.S. patent application Ser. No. 12/068,041; now U.S. Pat. No. 7,949,597. This patent has material implications for the U.S. debt markets as a whole in that It extends exclusivity and protection to TriCap Technology Group and its core ARxChange platform over the organization, sorting, ranking, valuing, and posting of debt and accounts receivable for servicing or purchasing across all U.S. consumer markets, not only those derived from the healthcare industry.

Granted Claims:

1) A method of organizing delinquent specialized debt to obtain a portfolio of specialized debt, the method comprising:

(1) providing a secure website on the internet for access by at least one holder of specialized debt;

(2) obtaining over the website at least one segment of the delinquent specialized debt from the at least one holder, wherein the specialized debt is disorganized; and

(3) organizing by a computer the at least one segment of delinquent specialized debt into a portfolio of specialized debt, wherein the portfolio of specialized debt has a value that is presentable to a community of selective buyers for bidding on said portfolio; wherein the step of organizing comprises:

(a) sorting the at least one segment of delinquent specialized debt by sorting parameters to obtain a sorted segment of delinquent specialized debt;

(b) ranking the sorted segment of debt by a ranking parameter to obtain a ranked segment of delinquent specialized debt; and

(c) scoring the ranked set of debt by a scoring parameter to obtain a portfolio of specialized debt, wherein the portfolio of specialized debt has a value that is presentable to a community of selective buyers of said portfolio for bidding on said portfolio; wherein the sorting parameters comprise, for each specific delinquent account:

(a) outstanding unpaid balance;

(b) age of account;

(c) prior collection history;

(d) demographics of the debtor profile, based on household income and home value;

(e) geographic distribution of debtor, based on a parameter which is a member selected from a state and a zip code;

(f) type of service provided to the debtor, wherein the type of service is based on standardized industry diagnostic codes;

(g) date of service provided; and

(h) type of debtor/payer classification, the type being a member selected from the group consisting of individual, insurance provider, and government provider.

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