How Terence Mills and Veuu are Revolutionizing Healthcare with AI and Blockchain
Healthcare is one of the most important and complex sectors in the world, affecting millions of lives every day. Nevertheless, it also encounters many obstacles, such as escalating costs, inefficiencies, fraud, data violations, and quality issues. To address these problems, innovative solutions are needed that can leverage the power of artificial intelligence (AI) and blockchain technology.
Terence Mills, the CEO of AI.io, a data science and engineering company that imagines, designs, and implements AI solutions in healthcare, travel, and entertainment, is one of the trailblazers in this field. 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 has a passion for creating large businesses, enhancing efficiency, and improving decision-making. He is also an evangelist for a new class of AI that is explainable, accountable, not biased, nor destructive. 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.
Veuu, a fintech company that offers a unique solution for healthcare payments, is one of the ways Terence is accomplishing his vision. 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 employs blockchain technology to establish a secure and transparent record of transactions, ensuring accountability and trust.
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 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 streamlines the process of medical coding and billing, lowering 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 helps providers and payers identify and prevent 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 facilitates the secure and seamless exchange of health data among providers, payers, and patients. InVeuu employs blockchain technology to establish a decentralized and encrypted network of data, ensuring accessibility, privacy, and integrity.
Veuu is transforming the healthcare industry by eliminating fraud, de-risking claims, improving quality of care, and enhancing patient satisfaction, by combining AI and blockchain. 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.
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