How Terence Mills and Veuu are Revolutionizing Healthcare with AI and Blockchain
Every day, healthcare, which is one of the most crucial and complicated sectors in the world, affects millions of people. However, it also faces many challenges, such as rising costs, inefficiencies, fraud, data breaches, and quality issues. These problems can be solved by innovative solutions that can utilize the capabilities of 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 is passionate about building big businesses, boosting efficiency, and strengthening 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.
One of the ways Terence is achieving his vision is through Veuu, a fintech company that offers a unique solution for healthcare payments. 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 uses blockchain technology to create a secure and transparent ledger 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 help adjudicators in examining evidence, producing outcomes, and ensuring transparency and fairness.
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 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 examine clinical documentation and produce accurate and compliant codes for reimbursement.
RiskVeuu is an AI-driven risk management tool that aids providers and payers in identifying 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 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. Veuu is also enabling a more efficient and effective healthcare system, by creating new opportunities for innovation and collaboration among stakeholders. You can view here for more information about this product.