Researchers Submit Patent Application, “System, Server And Method For Health Activity Analyses And Financial Rewards Integration”, for Approval (USPTO 20230162226): Patent Application
2023 JUN 13 (NewsRx) -- By a
No assignee for this patent application has been made.
News editors obtained the following quote from the background information supplied by the inventors: “It is difficult for many to find the motivation to maintain an effective wellness regime. It can take months and even years to achieve one’s goals. A major reason for this extended time period is that financial and other concerns often cause people to lose focus on being healthy. We’re constantly told to exercise often, eat better, sleep more, and prioritize mental health. The information overload for how to achieve these goals is endless but ignores a key element of true holistic health-financial wellbeing. Health is a financial asset-the more you invest in your overall health, the higher your return on life. Healthier people are often more productive members of society, but currently there isn’t a system that connects finances to mental and physical wellbeing to improve all three.
“More than 80% of disease burden and 70% of death worldwide is driven by preventable lifestyle behaviors which can often be offset by regular exercise, good nutrition, enough sleep, and mental clarity. Meanwhile, much of the industry financial underwriting, by default, creates moral hazard and adverse selection by pooling the disease and death risk of those who do and do not maintain healthy lifestyles, resulting in overpriced premiums and providing an incentive for individuals to misreport their information during the process or discontinue beneficial activities thereafter.
“As it pertains specifically to fitness, global health authorities recommend that adults should perform at least 150 minutes a week of moderate-intensity exercise, such as a brisk walk, or 75 minutes a week of vigorous-intensity aerobic physical activity, such as a run, or an equivalent combination of moderate- and vigorous-intensity aerobic activity. At least two of the days should also include anaerobic activity such as weightlifting.
“Studies have found, however, that only 23.2% of American adults (aged 18 and over) meet the recommendation for both aerobic and muscle-strengthening activities. Moreover, additional health benefits are also realized with 300 minutes of moderate-intensity exercise, 150 minutes of vigorous-intensity exercise, or a combination of both.
“Society treats wellness in a fragmented and misaligned way, across multiple industries including finance and health. Wellness, however, should serve as the overall umbrella, with consumer needs across various industry verticals and a focus on an ongoing lifestyle rather than a point in time, such as a single healthcare-related visit for physical health or a one-time underwriting outcome for a financial product.
“Therefore, there is a need in the art for a system and method that bridges the gaps between mental, physical, and financial wellbeing.”
As a supplement to the background information on this patent application, NewsRx correspondents also obtained the inventors’ summary information for this patent application: “In some embodiments, the disclosure is directed to servers, systems and methods that provide improved health activity tracking software combined with financial incentives to improve the health of individuals and society. In some embodiments, the system is configured to integrate technology, financial services, and health and wellness to track and reward users for achieving their wellness goals. In some embodiments, the system includes a unified wellness platform that allows multiple users to motivate each other toward achievable goals that improve their well-being. In some embodiments, the system includes wearable devices (e.g., smart watches, GPS monitors, etc.) configured to receive, send, and/or store a user’s health activity. In some embodiments, the system includes the use of artificial intelligence to improve health and wellness analytics and determine and collect the most profitable financial incentives. In some embodiments, the system includes a credit system configured to provide financial resources as well as a mechanism to gain financial rewards.
“In some embodiments, the system includes an API-driven platform configured to collect health, financial, and community data, and drive action to facilitate a wellness lifestyle through commercialization, personalization, and socialization that creates a symbiotic relationship across realms and drives value at scale. In some embodiments, the system is configured to serve as a system of accountability by incentivizing ongoing and new healthy behaviors while reducing the likelihood of moral hazard and adverse selection.
“In some embodiments, the system is configured to enable users to link wearable devices, health profiles, and financial products through a user’s profile in a platform. In some embodiments, the platform is a mobile application. In some embodiments, the system is configured to collect health activity as it occurs, such as 150+ weekly elevated heart rate minutes as a non-limiting example. In some embodiments, the system includes a logic engine configured to dynamically reward a user with goods, services, money, cash-back on credit purchases, targeted donations, and discounts based upon tracked characteristics such as previous purchases and favorite workouts as non-limiting examples. In some embodiments, the platform is configured to enable the user to denote intent and engage in a rewards marketplace. In some embodiments, the system is configured to enable merchants or other parties to receive aggregated and unique insights based on users who selected their reward. In some embodiments, the system is configured to directly deposit earned currency into a user currency account (e.g., bank, digital wallet, crypto, etc.).
“In some embodiments, the system is configured to automate multiple steps required for a user to procure a credit card. In some embodiments, the system comprises an orchestration layer that is configured to execute one or more of know-your-customer checks, soft and hard credit checks, creating a ledger with the bank, delivering a virtual card, and shipping a physical card (e.g., plastic, metal, etc.) according to some embodiments. In some embodiments, the orchestration layer is configured to enable a user to apply for a credit card, be approved, spend, and/or receive rewards from this financial product within seconds. Additionally, the orchestration layer is configured to account for edge cases (e.g. failures at various stages). In some embodiments, the orchestration layer is configured to execute one or more steps that include verifying users accounts, sending ACH payments to a bank, providing an interface for call-in support, and providing an interface to change a name, make payment, activate card, and/or perform any conventional financial transaction.
“In some embodiments, the system is configured to generate an graphical user interface to enable a user to meet with a financial advisor under a system provided membership program to discuss a variety of topics under the unified wellness umbrella platform, including asset management, mortgages, deposit accounts, savings accounts, as well as debit, credit, and charge cards. In some embodiments, the system is configured to provide an initial cash back reward that is enhanced by an additional cash back bonus once certain goals are achieved.
“In some embodiments, the system is configured to allow the platform products (including credit and debit cards, insurance, mortgages, and asset management) to be embedded into another party’s application, such as an external insurance or financial institution’s product as well as a public or private organization’s benefits offering. In some embodiments, in the external solutions, a user is able to complete and/or validate unified wellness activities and/or receive rewards and financial products on behalf of the platform.
“In some embodiments, the disclosure is directed to a system (also referred to as
“In some embodiments, the health monitoring software comprises financial software. In some embodiments, the one or more rewards include one or more financial rewards. In some embodiments, the one or more financial rewards include one or more credit card rewards. In some embodiments, the one or more credit card rewards include a purchase refund percentage.
“In some embodiments, the one or more steps includes a step to calculate, by the one or more processors, the purchase refund percentage based on the one or more wellness milestones.
“In some embodiments, the one or more wellness milestones include a first wellness milestone and a second wellness milestone. In some embodiments, the purchase refund percentage includes a first purchase refund percentage and a second purchase refund percentage. In some embodiments, the one or more steps includes a step to generate, by the one or more processors, the first purchase refund percentage based on the first wellness milestone. In some embodiments, the one or more steps includes a step to generate, by the one or more processors, the second purchase refund percentage based on the second wellness milestone. In some embodiments, the purchase refund percentage includes a cash back percentage. In some embodiments, the cash back percentage includes a purchase amount percentage of one or more consumer products purchased using credit.
“In some embodiments, the health monitoring software includes activity tracking software. In some embodiments, the one or more steps includes a step to calculate, by the one or more processors, a user’s active motion via the activity tracking software. In some embodiments, the rewards calculation includes an analysis of an active motion of a user. In some embodiments, the second wellness milestone includes a higher active motion amount than the first wellness milestone. In some embodiments, the one or more rewards includes an offer to apply for a credit card.
“In some embodiments, the system includes one or more geolocation devices. In some embodiments, the one or more steps includes a step to determine, by the one or more processors, one or more store locations bases on a location of the one or more computers using the one or more geolocation devices. In some embodiments, the one or more financial rewards are associated with the one or more store locations.
“In some embodiments, the one or more steps includes a step to generate, by the one or more processors, a mobile wallet via the financial software. In some embodiments, the one or more steps includes a step to link, by the one or more processors, the health monitoring software to the mobile wallet. In some embodiments, the one or more steps includes a step to execute, by the one or more processors, a purchase transaction comprising a transfer of monetary funds from the mobile wallet. In some embodiments, the one or more steps includes a step to calculate, by the one or more processors, a purchase refund percentage based on the one or more wellness milestones.”
There is additional summary information. Please visit full patent to read further.”
The claims supplied by the inventors are:
“1. A system including: health monitoring software, and one or more computers comprising one or more processors and one or more computer readable media, the one or more computer readable media including instructions stored thereon that when executed configure the one or more computers to: receive, by the one or more processors, a request for a link to the health monitoring software; receive, by the one or more processors, one or more measurements from one or more sensors electronically coupled to the health monitoring software; compare, by the one or more processors, the one or more measurements to one or more wellness milestones; execute, by the one or more processors, a rewards calculation comprising one or more rewards associated the one or more wellness milestones; and send, by the one or more processors, the one or more rewards to the health monitoring software.
“2. The system of claim 1, wherein the health monitoring software comprises financial software; and wherein the one or more rewards include one or more financial rewards.
“3. The system of claim 2, wherein the one or more financial rewards include one or more credit card rewards.
“4. The system of claim 3, wherein the one or more credit card rewards include a purchase refund percentage; and wherein the one or more computer readable media include further instructions stored thereon that when executed configure the one or more computers to: calculate, by the one or more processors, the purchase refund percentage based on the one or more wellness milestones.
“5. The system of claim 4, wherein the one or more wellness milestones include a first wellness milestone and a second wellness milestone; wherein the purchase refund percentage includes a first purchase refund percentage and a second purchase refund percentage; wherein the one or more computer readable media include further instructions stored thereon that when executed configure the one or more computers to: generate, by the one or more processors, the first purchase refund percentage based on the first wellness milestone; and generate, by the one or more processors, the second purchase refund percentage based on the second wellness milestone.
“6. The system of claim 5, wherein the purchase refund percentage includes a cash back percentage.
“7. The system of claim 6, wherein the cash back percentage includes a purchase amount percentage of one or more consumer products purchased using credit.
“8. The system of claim 7, wherein the health monitoring software includes activity tracking software; wherein the one or more computer readable media include further instructions stored thereon that when executed configure the one or more computers to: calculate, by the one or more processors, a user’s active motion via the activity tracking software; wherein the rewards calculation includes an analysis of an active motion of a user; and wherein the second wellness milestone includes a higher active motion amount than the first wellness milestone.
“9. The system of claim 3, wherein the one or more rewards includes an offer to apply for a credit card.
“10. The system of claim 2, further comprising: one or more geolocation devices; wherein the one or more computer readable media further include instructions stored thereon that when executed configure the one or more computers to: determine, by the one or more processors, one or more store locations bases on a location of the one or more computers using the one or more geolocation devices; wherein the one or more financial rewards are associated with the one or more store locations.
“11. The system of claim 2, further comprising: wherein the one or more computer readable media further include instructions stored thereon that when executed configure the one or more computers to: generate, by the one or more processors, a mobile wallet via the financial software; link, by the one or more processors, the health monitoring software to the mobile wallet; execute, by the one or more processors, a purchase transaction comprising a transfer of monetary funds from the mobile wallet; calculate, by the one or more processors, a purchase refund percentage based on the one or more wellness milestones.
“12. The system of claim 11, further comprising: wherein the one or more computer readable media further include instructions stored thereon that when executed configure the one or more computers to: generate, by the one or more processors, a referral request on a first computer comprising the health monitoring software; send, by the one or more processors, the referral request to a second computer; generate, by the one or more processors, a graphical user interface on the second computer; display, by the one or more processors, an acceptance input configured to enable a second user to execute a referral request acceptance on the second computer; and download, by the one or more processors, the health monitoring software on the second computer upon receipt of the acceptance input.
“13. The system of claim 12, further comprising: wherein the one or more computer readable media further include instructions stored thereon that when executed configure the one or more computers to: execute, by the one or more computers, a health link between the health monitoring software on the first computer to the health monitoring software on the second computer.
“14. The system of claim 13, further comprising: wherein the rewards calculation comprises a first rewards calculation and a second rewards calculation; wherein the one or more wellness milestones include a first wellness milestone and a second wellness milestone; wherein the one or more computer readable media further include instructions stored thereon that when executed configure the one or more computers to: execute, by the one or more processors, the first rewards calculation on the first computer using the first wellness milestone; execute, by the one or more processors, the second rewards calculation on the second computer using the second wellness milestone.
“15. The system of claim 14, wherein the first rewards calculation includes the second wellness milestone.
“16. The system of claim 15, wherein the second rewards calculation includes the first wellness milestone.
“17. The system of claim 2, wherein the one or more rewards include one or more of changes in life insurance policy benefits, cash back on credit card purchases, exclusive offers from businesses, changes in credit limits, changes in credit interest rates, changes in health insurance rates, changes in auto insurance rates, and discounts on athletic accessories.
“18. The system of claim 2, wherein the one or more measurements include one or more measurements of exercise, heart rate, blood oxygen level, sleep time, body fat percentage, weight, flexibility, driving habits, food purchases, equipment purchases, and online activity.”
For additional information on this patent application, see: Abril,
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