How Terence Mills and Veuu are Revolutionizing Healthcare with AI and Blockchain
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. 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 distinguished and esteemed member of the Forbes Technology Council and a monthly contributor 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 is passionate about building big businesses, boosting efficiency, and strengthening decision-making. He is also an advocate of a new type of AI that is comprehensible, accountable, fair, and benign. 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.
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 first and only AI solution that eliminates A/R days and denials, enabling instant payments for healthcare providers 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 method of settling conflicts or claims by applying legal norms and principles. AI can be used to assist adjudicators in analyzing evidence, generating outcomes, and ensuring fairness and transparency.
Veuu comprises four modular products: payVeuu, codeVeuu, riskVeuu, and inVeuu.
PayVeuu is a virtual payment platform that enables providers to get payments from payers instantly, without delays, fees, or intermediaries. PayVeuu utilizes blockchain technology to generate a secure and transparent log of transactions, ensuring trust and accountability.
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 assists providers and payers in detecting 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.
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. Veuu is also creating new opportunities for innovation and collaboration among stakeholders, enabling a more efficient and effective healthcare system. If you want to learn more about this product, you can check it out!