Terence Mills and Veuu: How They are Using AI and Blockchain to Innovate Healthcare
Healthcare is one of the most important and complex sectors in the world, affecting millions of lives every day. But it also has to deal with many difficulties, such as increasing costs, inefficiencies, fraud, data leaks, and quality problems. 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 recognized and prestigious member of the Forbes Technology Council and a monthly Forbes.com contributor on the topic of AI. He was named 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 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 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 help adjudicators in examining evidence, producing outcomes, and ensuring transparency and fairness.
Veuu comprises 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 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 helps providers and payers identify and prevent fraud, waste, and abuse. RiskVeuu uses advanced analytics and anomaly detection to mark suspicious claims, patterns, and behaviors, and offer 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 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 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.
