US 12,417,508 B2 · Securitizing and trading health quality credits

Abstract

A computer-implemented trading platform, system, and method are provided for facilitating the trading and accounting for health quality offsets. So-called “health quality credits” related to emissions of ‘potentially avoidable complications’ (PACs) or ‘potentially avoidable mortality’ (PAMs). Emissions trading or “cap-and-trade” is an administrative approach used to control emissions that degrade public-goods assets by providing economic incentives for achieving and sustaining economically significant reductions in the emissions of pollutants that impair public goods such as clean air or health. In one embodiment, a method of accounting for health quality offsets established in one or more offset markets includes registering a health quality offset to an owner thereof; assigning a unique identifier to the health quality offset; crediting a client account with the health quality offset; receiving notification of a trade between a buyer and a seller, if the seller has an amount of health quality offsets sufficient for the trade, adjusting buyer and seller accounts with corresponding credits and debits; otherwise, providing a notification of insufficient health quality offsets to carry out the trade.

Claims20

Dependent claims

A method comprising:

accessing a set of health quality credit identifiers registered in a health quality credits registry in a trade environment stored in a cloud, wherein each health quality credit identifier of the set of health quality credit identifiers is associated with a respective health quality credit of a set of health quality credits and uniquely identifies the respective health quality credit in the health quality credits registry;
determining health quality credits of the set of health quality credits that are to be retired by:
i) accessing an account registered to the trade environment on the cloud, ii) performing a comparison on the health quality credits associated with the account and a credit-retirement order, and iii) determining the health quality credits to be retired based at least in part on comparison;
in response to determining the health quality credits of the set of health quality credits that are to be retired, designating health quality credit identifiers of the set of health quality credit identifiers that are associated with the health quality credits as being retired in the health quality credits registry in the trade environment;
and
automatically annotating the health quality credit identifier within the trade environment in the cloud based at least in part on designating health quality credit identifiers.

3 more elements

A system comprising:

a processing system;
and
one or more computer readable storage media storing instructions which, when executed by the processing system, cause the system to perform operations comprising:
accessing a set of health quality credit identifiers registered in a health quality credits registry in a trade environment stored in a cloud, wherein each health quality credit identifier of the set of health quality credit identifiers is associated with a respective health quality credit of a set of health quality credits and uniquely identifies the respective health quality credit in the health quality credits registry;
determining health quality credits of the set of health quality credits that are to be retired by:
i) accessing an account registered to the trade environment on the cloud, ii) performing a comparison on the health quality credits associated with the account and a credit-retirement order, and iii) determining the health quality credits to be retired based at least in part on comparison;
in response to determining the health quality credits of the set of health quality credits that are to be retired, designating health quality credit identifiers of the set of health quality credit identifiers that are associated with the health quality credits as being retired in the health quality credits registry;
and
annotating the health quality credit identifier within the trade environment in the cloud based at least in part on designating health quality credit identifiers.

6 more elements

One or more non-transitory computer-readable media storing computer-readable instructions that, when executed by a processing system, cause a system to perform operations comprising:

accessing a set of health quality credit identifiers registered in a health quality credits registry in a trade environment stored in a cloud, wherein each health quality credit identifier of the set of health quality credit identifiers is associated with a respective health quality credit of a set of health quality credits and uniquely identifies the respective health quality credit in the health quality credits registry;
determining health quality credits of the set of health quality credits that are to be retired by:
i) accessing an account registered to the trade environment on the cloud, ii) performing a comparison on the health quality credits associated with the account and a credit-retirement order, and iii) determining the health quality credits to be retired based at least in part on comparison;
in response to determining the health quality credits of the set of health quality credits that are to be retired, designating health quality credit identifiers of the set of health quality credit identifiers that are associated with the health quality credits as being retired in the health quality credits registry;
and
annotating the health quality credit identifier within the trade environment in the cloud based at least in part on designating health quality credit identifiers.

3 more elements

Dependencies are inferred from the claim text.

Securitizing and trading health quality credits

Life of this patent

Securitizing and trading health quality credits

Life of this patent

Abstract

Claims20