Patent Number: 7,765,117

Title: System and method for managing healthcare costs

Abstract: Disclosed is a system and method for creating a financial index related to healthcare costs. A financial derivative instrument can be created from the index. Using the financial derivative instrument, an entity can hedge against unexpected fluctuations of healthcare costs.

Inventors: Smith; Thomas Leonard (Dallas, TX), Hudes; Marshall Howard (Dallas, TX), Slaba; James Mark (Bradenton, FL)

Assignee: Open Market Partners, Inc.

International Classification: G06Q 40/00 (20060101)

Expiration Date: 7/27/12018