UnitedHealth Group had 24 patents in digitalization during Q1 2024. The UnitedHealth Group Inc has filed patents related to a contract provider using a distributed ledger for creating contracts, personalized autocomplete predictions, predicting payer responses from claims data using deep learning, generating representative embeddings for temporal sequences using a graph attention augmented temporal network, and performing natural language processing operations by generating semantic table representations for table data objects. These inventions aim to improve efficiency and accuracy in healthcare operations and data analysis. GlobalData’s report on UnitedHealth Group gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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UnitedHealth Group grant share with digitalization as a theme is 66% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Systems and methods for decentralized contract management (Patent ID: US20240104663A1)
The patent filed by UnitedHealth Group Inc. describes a method and system for creating contracts between payors and providers using a distributed ledger. Each entity involved has its own node on the ledger with private and public keys. The process involves a contract drafting application provided by the contract provider, allowing parties to create, edit, and store contract drafts on the ledger via their respective nodes. The application includes an iframe connecting to the nodes, enabling seamless collaboration until the contract is finalized.
The claims outline the steps involved in the method, including creating contract drafts, notifying parties, and editing drafts via private channels between nodes. The system described in the patent involves computing devices associated with the contract provider and computer-readable instructions for executing the contract creation process. The use of smart contracts on the distributed ledger ensures secure and efficient contract management between medical claims payors and providers. The application's features, such as form templates and text items, streamline the drafting process, enhancing communication and collaboration between the parties involved.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
