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Jan 13, 2024 // By:aebi // No Comment
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.
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 recognized and prestigious member of the Forbes Technology Council and a monthly Forbes.com contributor on the topic of AI. He has been named as 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 aim is to assist executives and industry leaders in creating truly efficient businesses by giving information to employees so that they can act and enhance outcomes.
Terence is realizing his vision through Veuu, a fintech company that provides a unique solution for healthcare payments, among other ways. 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 utilizes blockchain technology to generate a secure and transparent log of transactions, ensuring trust and accountability.
Adjudication is the way of resolving disputes or claims by applying legal rules and principles. AI can be used to assist adjudicators in analyzing evidence, generating outcomes, and ensuring fairness and transparency.
Veuu consists of 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 examine clinical documentation and produce 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 flag 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 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.