Patent ID: 9161994
Filing Date: 2015-10-20
Classification: A61K,G06Q

Abstract:
1. A system comprising: at least one server for: retrieving fee data from a database, wherein the fee data is from multiple service providers; automatically extracting costs components of a particular service from the fee data, the service provided by each of the multiple service providers, the extracted costs components different for each of the multiple service providers, at least one of the multiple service providers having a first profit margin in providing the service, wherein the service providers include air travel vendors and the costs components include one or more of costs of fuel, amortization of fleet equipment, onboard services, booking tickets, airport services, baggage handling, and maintenance of airplanes; comparatively cost analyzing the multiple service providers based only on the cost amounts of the extracted costs components of the multiple service providers; generating an updated costs model for the service based on the extracted costs components of the multiple service providers, wherein the updated costs model selectively combines the extracted costs components of the multiple service providers having lowest cost amounts and wherein the updated costs model produces a total cost for the service that is less than a total cost for the service provided by each of the multiple service providers; augmenting the updated costs model based on historical data regarding actual billing for the extracted costs components; cross checking the updated costs model based on the historical data regarding actual billing for the extracted costs components; setting a predetermined second profit margin based on the extracted cost components; communicating information about the extracted costs components of the multiple service providers having lowest cost amounts to a partner; allowing the partner to offer the service based on the information about the extracted costs components of the multiple service providers having lowest cost amounts while maintaining the second profit margin for the partner, the second profit margin being less than the first profit margin; and providing a cost savings to a purchaser of the service, from the partner and based on the information about the extracted cost components, in comparison to purchasing the service from each of the multiple service providers.