Trupanion. has been granted a patent for a pet medical insurance system that enables real-time coverage for veterinary hospitals. The system features a backend component and a plug-and-play data integration system, facilitating efficient data exchange between various practice management systems and reducing data traffic. GlobalData’s report on Trupanion gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Trupanion, AI for workflow management was a key innovation area identified from patents. Trupanion's grant share as of July 2024 was 32%. Grant share is based on the ratio of number of grants to total number of patents.
Real-time veterinary medical insurance claims processing system
The patent US12014329B2 describes a comprehensive pet medical insurance system designed to enhance the efficiency of insurance processing within veterinary practices. Central to this system is a backend component that communicates with multiple practice management systems and a network of devices. This backend includes a services component and a series of data integration systems, each linked to a specific veterinary practice's management system. These data integration systems are responsible for caching relevant treatment data and associated metadata necessary for determining insurance coverage. They also monitor changes in the underlying data, automatically updating the cached information and transmitting these updates to the backend component, thereby optimizing data traffic and ensuring timely access to insurance information.
Additionally, the system facilitates real-time claim processing by allowing the backend component to generate notifications regarding changes in relevant data and updated insurance information. This is achieved through an abstracted engine that interfaces with existing databases within the practice management systems. The backend component is also equipped to process claims for treatments and procedures, ensuring that payments to veterinary practices occur promptly after claim processing. The architecture of this system not only streamlines the communication between various practice management systems but also enhances the overall efficiency of insurance coverage determination and claims processing in veterinary care.
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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.
