Satori World Medical Expands its Innovative Healthcare Savings Patent

PRLog (Press Release) - Jul. 18, 2012 - Satori World Medical, a leading medical travel company, is pleased to announce that on July 17, 2012, the U.S. Patent & Trademark Office issued a Notice of Allowance of its Continuation-in-Part application which was filed on August 2, 2011.  This second patent award (U.S. Patent No. 8,224,668) solidifies the claims of the Company’s first patent award (U.S. Patent No. 8,160,897) titled, “Satori Integrated Health & Financial Benefits System and Method” and adds claims not disclosed in the parent patent application.

The parent patent covers various implementations of systems and processes known as the Health & Shared Wealth Program™, which calculates the savings generated, as well as the sharing of the savings when a patient selects a hospital and physician overseas versus the U.S. counterpart for a surgical procedure. The Continuation-In-Part relates mainly to the sharing of the savings, particularly how the system can calculate and share the savings through even more implementations.  For instance, while both the parent patent and the Continuation-In-Part calculate and share the savings by waiving all co-pays, deductibles and/or co-insurance, the Continuation-In-Part also encompasses more tax-exempt accounts that savings can be deposited into, such as flexible savings accounts and health reimbursement accounts variations.

“Given the current evolution of the U.S. healthcare system, Satori must remain innovative and responsive. This additional patent award is a testament to Satori’s ability to be visionary and to provide an innovative service to individuals and plan sponsors seeking new methods for low-cost healthcare alternatives without sacrificing quality.” said Steven Lash, President and CEO, Satori World Medical.

Satori’s Health & Shared Wealth Program™ supports organizations by lowering their cost structure for health benefits while at the same time providing their employees with a new, highly-valued benefit option at no cost to the plan sponsor or employees. Due to the multi-patent allowance, Satori World Medical is the only global healthcare network that can offer sharing of savings which includes a 100% medical benefit to patients that choose to have surgery overseas versus in the U.S.

Continuation-In-Part prosecution was performed by the law firm of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.