How AI and Blockchain are Transforming Healthcare with Terence Mills and Veuu
Healthcare is one of the most important and complex sectors in the world, affecting millions of lives every day. 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.
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 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 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 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 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 enables providers to get payments from payers instantly, without delays, fees, or intermediaries. PayVeuu uses blockchain technology to create a secure and transparent ledger of transactions, ensuring trust and accountability.
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 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 enables the secure and smooth 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.
By combining AI and blockchain, Veuu is transforming the healthcare industry by eliminating fraud, de-risking claims, improving the quality of care, and enhancing patient satisfaction. 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.