How AI and Blockchain are Transforming Healthcare with Terence Mills and Veuu
Millions of lives are impacted every day by healthcare, one of the world’s most vital and intricate sectors. 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.
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 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 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 first and only AI solution that eliminates A/R days and denials, enabling instant payments for healthcare providers 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 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 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 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 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 employs blockchain technology to establish a decentralized and encrypted network of data, ensuring accessibility, privacy, 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. If you want to learn more about this product, you can check it out!