How Terence Mills and Veuu are Revolutionizing Healthcare with AI and Blockchain
Every day, healthcare, which is one of the most crucial and complicated sectors in the world, affects millions of people. But it also has to deal with many difficulties, such as increasing costs, inefficiencies, fraud, data leaks, and quality problems. Innovative solutions that can harness the potential of artificial intelligence (AI) and blockchain technology are required to solve these problems.
One of the pioneers in this field is Terence Mills, the CEO of AI.io, a data science and engineering company that envisions, conceptualizes, and delivers 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 was named one of the top 50 AI influencers on Twitter in 2018 and 2019.
Terence is passionate about building big businesses, boosting efficiency, and strengthening decision-making. He is also a promoter of a new kind of AI that is understandable, responsible, unbiased, and harmless. His objective is to support executives and industry leaders in creating truly efficient businesses by providing information to employees so that they can make decisions and improve results.
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 only and first AI solution that eradicates A/R days and denials, enabling healthcare providers to get 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 process of resolving disputes or claims by applying legal rules and principles. AI can be used to aid adjudicators in evaluating evidence, creating outcomes, and ensuring fairness and transparency.
Veuu comprises four modular products: payVeuu, codeVeuu, riskVeuu, and inVeuu.
PayVeuu is a virtual payment platform that permits providers to obtain payments from payers instantly, without fees, intermediaries, 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 evaluate clinical documentation and create accurate and compliant codes for reimbursement.
RiskVeuu is an AI-driven risk management tool that assists providers and payers in detecting and preventing fraud, waste, and abuse. RiskVeuu uses advanced analytics and anomaly detection to mark suspicious claims, patterns, and behaviors, and offer actionable insights for mitigation.
InVeuu is an AI-enabled interoperability platform that enables the secure and smooth exchange of health data among providers, payers, and patients. InVeuu uses blockchain technology to create a decentralized and encrypted network of data, ensuring privacy, accessibility, and integrity.
By combining AI and blockchain, Veuu is transforming the healthcare industry by eliminating fraud, de-risking claims, enhancing patient satisfaction, and improving quality of care. By creating new opportunities for innovation and collaboration among stakeholders, Veuu is also enabling a more efficient and effective healthcare system. This product has more details that you can check out here.