Patent ID: 7991630
Filing Date: 2011-08-02
Classification: G06Q

Abstract:
1. A computer-implemented method for displaying amounts for use in settling insurance claims, comprising: identifying, by a computer system, one or more closed claims that match an open claim based on one or more characteristics of the open claim; determining, by the computer system, a likelihood value associated with at least one of the matching closed claims, wherein the likelihood value is a numerical value whose magnitude reflects the likelihood that a monetary amount associated with a closed claim represents an appropriate monetary amount for settling an open claim, wherein the higher the numerical value, the more likely that the monetary amount associated with the closed claim represents an appropriate monetary amount for settling the open claim, and wherein the lower the numerical value, the less likely that the monetary amount associated with the closed claim represents an appropriate monetary amount for settling the open claim; displaying, on an x-y graph on a display of the computer system, the likelihood value associated with at least one of the matching closed claims as a function of monetary amount; wherein the likelihood value is displayed on the y-axis and the monetary amount is displayed on the x-axis; and displaying, by the computer system, one or more amounts for use in settling the open claim on the display of the insurance claims processing system, at least one of the amounts being based at least in part on an amount for at least one of the matching closed claims associated with at least one displayed likelihood value.