Terence Mills and Veuu: How They are Using AI and Blockchain to Innovate Healthcare
Millions of lives are impacted every day by healthcare, one of the world’s most vital and intricate sectors. However, it also faces many challenges, such as rising costs, inefficiencies, fraud, data breaches, and quality issues. Innovative solutions that can harness the potential of artificial intelligence (AI) and blockchain technology are required to solve these problems.
A leader in this field is Terence Mills, the CEO of AI.io, a data science and engineering company that dreams, creates, and provides AI solutions in healthcare, travel, and entertainment. Terence is also a reputable and respected member of the Forbes Technology Council and a monthly writer on AI for Forbes.com. He received the recognition of being one of the top 50 AI influencers on Twitter in 2018 and 2019.
Terence loves to build huge businesses, increase efficiency, and empower decision-making. He is also a promoter of a new kind of AI that is understandable, responsible, unbiased, and harmless. His goal is to help executives and industry leaders create truly efficient businesses by putting information into the hands of employees so that they can take action and improve outcomes.
One of the ways Terence is achieving his vision is through Veuu, a fintech company that offers a unique solution for healthcare payments. Veuu is the sole and first AI solution that removes A/R days and denials, allowing healthcare providers to receive payments instantly at the point of service. Veuu uses blockchain technology to create a secure and transparent ledger of transactions, ensuring trust and accountability.
Adjudication is the method of settling conflicts or claims by applying legal norms and principles. AI can be used to aid adjudicators in evaluating evidence, creating outcomes, and ensuring fairness and transparency.
Veuu includes four modular products: payVeuu, codeVeuu, riskVeuu, and inVeuu.
PayVeuu is a virtual payment platform that allows providers to receive payments from payers instantly, without intermediaries, fees, or delays. PayVeuu employs blockchain technology to establish a secure and transparent record of transactions, ensuring accountability and trust.
CodeVeuu is an AI-powered coding engine that simplifies the process of medical coding and billing, minimizing errors, rejections, and audits. CodeVeuu uses natural language processing and machine learning to analyze clinical documentation and generate accurate and compliant codes for reimbursement.
RiskVeuu is an AI-driven risk management tool that aids providers and payers in identifying and preventing fraud, waste, and abuse. RiskVeuu uses advanced analytics and anomaly detection to signal suspicious claims, patterns, and behaviors, and provide actionable insights for mitigation.
InVeuu is an AI-enabled interoperability platform that allows the secure and seamless exchange of health data among providers, payers, and patients. InVeuu utilizes blockchain technology to generate a decentralized and encrypted network of data, ensuring integrity, accessibility, and privacy.
By combining AI and blockchain, Veuu is transforming the healthcare industry by eliminating fraud, de-risking claims, improving the quality of care, and enhancing patient satisfaction. Veuu is also enabling a more efficient and effective healthcare system, by creating new opportunities for innovation and collaboration among stakeholders. This product has more details that you can check out here.
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