UnitedHealth Group had two patents in blockchain during Q1 2024. The patent filed by UnitedHealth Group Inc in Q1 2024 involves a system where a contract provider offers a distributed ledger with nodes for payors, providers, and the contract provider. Each entity controls its own node and can access private and public keys associated with it. Providers can create contracts using an application provided by the contract provider, which includes templates, forms, and workflows. The contract is stored on the distributed ledger and can be accessed and edited by both the provider and payor until it is finalized. 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 blockchain as a theme is 50% 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 involves computing devices associated with the contract provider and computer-readable instructions for facilitating the contract creation process. The patent emphasizes the secure and collaborative nature of the contract drafting application, ensuring that the provider and payor have control over the contract creation process while maintaining privacy and security through the distributed ledger technology.
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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.
