System and method for individualized pricing for healthcare

A system comprising:

• a processor;
• and
• a computer-readable storage device storing instructions which, when executed by the processor, cause the processor to perform operations comprising:
• receiving, from each of a plurality of healthcare providers, a respective range of prices for a medical service;
• receiving, from a patient, an inquiry for the medical service;
• collecting information associated with providing the medical service for the patient;
• calculating a patient fairness factor score for the patient for the medical service based on the information;
• generating, in response to the inquiry, a respective price quote for each of the plurality of healthcare providers to provide the medical service for the patient based on the patient fairness factor score, wherein each respective price quote is within the respective range of prices for one of the plurality of healthcare providers;
• and
• presenting to the patient the respective price quotes and context information associated with each respective price quote.

A computer-readable storage device storing instructions which, when executed by a computing device, cause the computing device to perform operations comprising:

• receiving, from a healthcare provider, a minimum acceptable price for performing a medical service;
• collecting information associated with providing the medical service for a patient inquiring about the medical service;
• calculating a patient fairness factor score for the patient for the medical service based on the information;
• generating a price quote adjusted based on the patient fairness factor score, for the healthcare provider to provide the medical service for the patient;
• and
• upon the patient accepting the price quote, arranging for the healthcare provider to perform the medical service for the patient.