Patent ID: 8112288
Filing Date: 2012-02-07
Classification: G06Q,G16H

Abstract:
1. A method for modeling an impact of an option for reducing the spend and trend for a prescription drug plan, comprising: receiving at a prescription drug plan computer system in communication with a user computing device and a database an indication from the user computing device of a performance metric for a parameter of the prescription drug plan, the prescription drug plan providing at least one of prescription drug benefits and prescription drug insurance coverage; receiving at the prescription drug plan computer system a request from the user computing device to process the spend and trend for the prescription drug plan; in response to receiving the request, retrieving by the prescription drug plan computer system data related to the prescription drug plan from the database; comparing by the prescription drug plan computer system the performance metric for the parameter to retrieved data related to the parameter; when the retrieved data deviates from the performance metric and if at least one option is available to reduce the deviation, providing by the prescription drug plan computer system an indication to the user computing device of the at least one option to reduce the deviation between the retrieved data and the performance metric, wherein the at least one option comprises at least one change to the prescription drug plan; receiving at the prescription drug plan computer system a request from the user computing device to simulate the at least one change to the prescription drug plan; applying by the prescription drug plan computer system a model to the retrieved data, wherein the model comprises a plurality of calculations to simulate the at least one change to the prescription drug plan; and providing the user computing device with an indication of an impact on the prescription drug plan responsive to the at least one change, wherein the impact is based at least in part on the application of the model to the retrieved data; wherein spend for the prescription drug plan comprises a cost of prescription drugs under the prescription drug plan, and trend for the prescription drug plan comprises a rate of change in prescription drug spending for the prescription drug plan over time.