Jersey City R&D Tax Credit Benefits for Businesses

R&D Tax Credits for Jersey City, New Jersey Businesses

Jersey City, New Jersey, thrives in industries such as finance, technology, healthcare, education, and retail. Top companies in the city include Goldman Sachs, a leading financial services company; Verizon, a major technology employer; Jersey City Medical Center, a significant healthcare provider; Saint Peter’s University, a key player in the education sector; and Walmart, a prominent retail employer. The R&D Tax Credit can provide tax savings for these industries by incentivizing innovation and technological advancements. This allows businesses to reinvest in R&D boosting their competitiveness and contributing to Jersey City’s economic growth.

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Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed’s office location at 100 Horizon Center Boulevard, Hamilton, New Jersey is less than 60 miles away from Jersey City and provides R&D tax credit consulting and advisory services to Jersey City and the surrounding areas such as: Toms River, Hamilton Township, Clifton, Trenton and Brick Township.

If you have any questions or need further assistance, please call or email our local New Jersey Partner on (609) 900-2488.
Feel free to book a quick teleconference with one of our New Jersey R&D tax credit specialists at a time that is convenient for you. Click here for more information about R&D tax credit management and implementation.

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Jersey City, New Jersey Patent of the Year – 2024/2025

Flipt LLC has been awarded the 2024/2025 Patent of the Year for innovation in healthcare data processing. Their invention, detailed in U.S. Patent No. 11875415, titled ‘System for pre-adjudicating and modifying data packets in health claim processing system’, transforms how claims are handled before they reach insurance adjudication systems.

The patented system intelligently reviews and adjusts health insurance claim data packets before submission. By doing this early in the process, it reduces denials, improves accuracy, and speeds up reimbursement timelines for providers and patients alike.

This technology introduces an automated layer that checks claims for errors, inconsistencies, or missing data. It can also modify the claim packet according to payer-specific rules, ensuring higher acceptance rates and reducing the need for costly resubmissions.

Healthcare providers and insurers benefit from fewer manual reviews and a more streamlined workflow. Patients may experience faster claim processing and fewer billing disputes. The innovation has the potential to significantly cut administrative costs across the healthcare system.

With this patent, Flipt LLC positions itself at the forefront of digital health solutions. Their system offers a smarter, faster way to manage claims in a notoriously complex industry, helping all stakeholders save time and money.