IP Library Granted Patent US 7,845,551
Granted Patent B2
US 7,845,551 · App. 12/547,796 · Granted Dec 7, 2010

System and method for comparing drug product information

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Quick Facts
Patent No.
US 7,845,551
App. No.
12/547,796
Granted
Dec 7, 2010
Kind
B2
Abstract

A system and method for comparing vast amounts of drug product information at granular levels is provided. This comparison is facilitated by the creation of a unique key that maintains the integrity of the comparison system. The unique key may contain a therapeutic class identifier, a clinical formulation identifier, an additional detail identifier, a package equivalent size identifier, a unit dose identifier, and a package quantity identifier.

Claims (37)

1. A system comprising:

a network interface communicating with a memory;

the memory communicating with a processor;

and the processor, when executing a computer program, is configured to:

receive a first data feed and a second data feed;

parse the first data feed into first data and the second data feed into second data;

assemble a first unique key by transforming the first data, wherein the first unique key comprises at least one of a package quantity identifier, a therapeutic class identifier, a clinical formulation identifier, an additional detail identifier, a package size equivalent identifier, or a unit dose identifier;

assemble a second unique key by transforming the second data, wherein the second unique key comprises at least one of a package quantity identifier, a therapeutic class identifier, a clinical formulation identifier, an additional detail identifier, a package size equivalent identifier, or a unit dose identifier;

determine a relationship between the first data and the second data by comparing the first unique key and the second unique key;

analyze the relationship to create output data, wherein the output data comprises at least one of: a cost effectiveness of purchasing a drug product from different suppliers, a determination of a lowest cost per unit of the drug product, a manufacturer market share for the drug product, or a strategy for submitting a contract bid for the drug product; and

generate reports based at least partially on the output data.

2. The system of claim 1 , wherein the first unique key is at least one of 25 characters, 22 characters or 18 characters in length.

3. The system of claim 1 , wherein the package quantity identifier is 3 characters in length.

4. The system of claim 1 , wherein the first data feed comprises national drug code data.

5. The system of claim 1 , wherein the first unique key comprises a package size equivalent identifier and at least one of a package quantity identifier, a therapeutic class identifier, a clinical formulation identifier, an additional detail identifier, or a unit dose identifier.

6. A method comprising:

parsing, by a computer-based for determining relationships, a first data feed into first data;

parsing, by a computer-based system, a second data feed into second data;

assembling a first unique key by transforming the first data, wherein the first unique key comprises at least one of a package quantity identifier, a therapeutic class identifier, a clinical formulation identifier, an additional detail identifier, a package size equivalent identifier, or a unit dose identifier;

assembling, by the computer-based system, a second unique key by transforming the second data, wherein the second unique key comprises at least one of a package quantity identifier, a therapeutic class identifier, a clinical formulation identifier, an additional detail identifier, a package size equivalent identifier, or a unit dose identifier;

determining, by a computer-based system a relationship between the first data and the second data by comparing the first unique key and the second unique key; and

creating, by a computer-based system, output data by analyzing the relationship, wherein the output data comprises at least one of: a cost effectiveness of purchasing a drug product from different suppliers, a determination of a lowest cost per unit of the drug product, a manufacturer market share for the drug product, or a strategy for submitting a contract bid for the drug product.

7. The method of claim 6 , wherein at the package quantity identifier is 3 characters in length.

8. The method of claim 6 , wherein the first unique key is at least one of 25 characters, 22 characters or 18 characters in length.

9. The method of claim 6 , wherein the first unique key comprises a package size equivalent identifier and at least one of a package quantity identifier, a therapeutic class identifier, a clinical formulation identifier, an additional detail identifier, or a unit dose identifier.

10. The method of claim 6 , wherein the first unique key comprises a package quantity identifier, a therapeutic identifier, a clinical formulation identifier, a unit dose identifier and at least one of an additional detail identifier and a package size equivalent identifier.

11. The method of claim 6 , wherein the output data comprises national drug code data.

12. The method of claim 6 , wherein the output data is grouped according to report criteria.

13. The method of claim 12 , wherein the output data is further grouped according to bid price.

14. The method of claim 6 , wherein the first data feed and the second data feed are each received from at least one of a pharmaceutical supplier or a healthcare supplier.

15. A non-transitory, tangible computer-readable medium having computer-executable instructions stored thereon that, if executed by a computer, for determining g relationships, cause the computer to perform operations comprising:

parsing a first data feed into first data;

parsing a second data feed into second data;

assembling a first unique key by transforming the first data, wherein the first unique key comprises at least one of a package quantity identifier, a therapeutic class identifier, a clinical formulation identifier, an additional detail identifier, a package size equivalent identifier, or a unit dose identifier;

assembling a second unique key by transforming the second data, wherein the second unique key comprises at least one of a package quantity identifier, a therapeutic class identifier, a clinical formulation identifier, an additional detail identifier, a package size equivalent identifier, or a unit dose identifier;

determining a relationship between the first data and the second data by comparing the first unique key and the second unique key; and

creating output data by analyzing the relationship, wherein the output data comprises at least one of: a cost effectiveness of purchasing a drug product from different suppliers, a determination of a lowest cost per unit of the drug product, a manufacturer market share for the drug product, or a strategy for submitting a contract bid for the drug product.

Assignments (18)
RELEASE OF SECURITY INTEREST REEL/FRAME (042881/0536) Recorded Dec 30, 2024
From: JPMORGAN CHASE BANK, N.A.
To: GLOBAL HEALTHCARE EXCHANGE, LLC
Reel/Frame 069810/0543 →
RELEASE OF SECURITY INTEREST IN PATENT RIGHTS AT RF 042881/0545 Recorded Dec 30, 2024
From: ARES CAPITAL CORPORATION, AS AGENT
To: GLOBAL HEALTHCARE EXCHANGE, LLC
Reel/Frame 069799/0405 →
SECURITY INTEREST Recorded Dec 27, 2024
From: GLOBAL HEALTHCARE EXCHANGE, LLC, AS GRANTOR
To: ARES CAPITAL CORPORATION, AS AGENT
Reel/Frame 069690/0297 →
SECURITY INTEREST Recorded Jul 3, 2017
From: GLOBAL HEALTHCARE EXCHANGE, LLC
To: ARES CAPITAL CORPORATION, AS COLLATERAL AGENT
Reel/Frame 042881/0545 →
SECURITY INTEREST Recorded Jul 3, 2017
From: GLOBAL HEALTHCARE EXCHANGE, LLC
To: JPMORGAN CHASE BANK, N.A., AS COLLATERAL AGENT
Reel/Frame 042881/0536 →
RELEASE OF SECURITY INTEREST Recorded Jun 30, 2017
From: SUNTRUST BANK
To: GLOBAL HEALTHCARE EXCHANGE, LLC
Reel/Frame 042874/0738 →
RELEASE OF SECURITY INTEREST Recorded Jun 30, 2017
From: SUNTRUST BANK
To: GLOBAL HEALTHCARE EXCHANGE, LLC
Reel/Frame 042874/0669 →
SECOND LIEN PATENT SECURITY AGREEMENT Recorded Aug 23, 2016
From: GLOBAL HEALTHCARE EXCHANGE, LLC
To: SUNTRUST BANK
Reel/Frame 039784/0858 →
PATENT SECURITY AGREEMENT Recorded Aug 14, 2015
From: GLOBAL HEALTHCARE EXCHANGE, LLC
To: SUNTRUST BANK, AS COLLATERAL AGENT
Reel/Frame 036355/0530 →
TERMINATION OF SECURITY INTEREST IN PATENTS RECORDED AT REEL 032403, FRAME 0774 Recorded Aug 13, 2015
From: ARES CAPITAL CORPORATION, AS COLLATERAL AGENT
To: GLOBAL HEALTHCARE EXCHANGE, LLC
Reel/Frame 036344/0727 →
SECURITY INTEREST Recorded Mar 11, 2014
From: GLOBAL HEALTHCARE EXCHANGE, LLC
To: ARES CAPITAL CORPORATION, AS COLLATERAL AGENT
Reel/Frame 032403/0774 →
RELEASE OF SECURITY INTEREST Recorded Mar 11, 2014
From: GENERAL ELECTRIC CAPITAL CORPORATION
To: GLOBAL HEALTHCARE EXCHANGE, LLC
Reel/Frame 032408/0696 →
RELEASE OF SECURITY INTEREST Recorded Mar 11, 2014
From: GENERAL ELECTRIC CAPITAL CORPORATION
To: GLOBAL HEALTHCARE EXCHANGE, LLC
Reel/Frame 032408/0763 →
RELEASE OF SECURITY INTEREST Recorded Mar 11, 2014
From: GENERAL ELECTRIC CAPITAL CORPORATION
To: GLOBAL HEALTHCARE EXCHANGE, LLC
Reel/Frame 032409/0007 →
CORRECTIVE ASSIGNMENT TO CORRECT THE CONVEYANCE TYPE TO SECURITY AGREEMENT PREVIOUSLY RECORDED ON REEL 028451 FRAME 0044. ASSIGNOR(S) HEREBY CONFIRMS THE AMENDED AND RESTATED PATENT SECURITY AGREEMENT. Recorded Jun 28, 2012
From: GLOBAL HEALTHCARE EXCHANGE, LLC
To: GENERAL ELECTRIC CAPITAL CORPORATION
Reel/Frame 028463/0061 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jun 27, 2012
From: GLOBAL HEALTHCARE EXCHANGE, LLC
To: GENERAL ELECTRIC CAPITAL CORPORATION
Reel/Frame 028451/0044 →
SECURITY AGREEMENT Recorded Apr 1, 2011
From: GLOBAL HEALTHCARE EXCHANGE, LLC
To: GENERAL ELECTRIC CAPITAL CORPORATION
Reel/Frame 026068/0574 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Aug 26, 2009
From: HELMIN, ROBERT P.; MAGRUDER, WILLIAM R.
To: GLOBAL HEALTHCARE EXCHANGE, LLC
Reel/Frame 023147/0272 →