Patent ID: 8731962

Claim:
A system for collecting payment from an individual for services rendered by a provider, the system comprising: a processor; and a non-transitory, computer-readable storage medium in operable communication with the processor, wherein the storage medium comprises one or more programming instructions, that, when executed, cause the processor to: acquire eligibility and benefit information from at least one of a payer entity, a financial entity, and a healthcare provider fee schedule, wherein the eligibility and benefit information comprises: an amount the provider is allowed to charge for the services rendered, an amount the payer entity will compensate the provider for the services rendered, and an amount owed by the individual, wherein the amount owed is a difference between the amount the provider is allowed to charge and the amount the payer entity will compensate the provider, a co-pay, or a combination thereof; determine an estimated amount for which the individual is responsible after the services are rendered by the provider using the acquired eligibility and benefit information; provide the estimated amount to the individual; transmit one or more claims for adjudication to one or more third party payer entities requesting compensation for the services rendered by the provider; automatically determine, without a user input, an amount to be deducted from at least one financial account held by the individual based on an amount not paid by the one or more third party payer entities; automatically deduct, without a user input, the determined amount from the at least one financial account held by the individual; and automatically transfer, without a user input, the deducted amount to the provider.