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. 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 received the recognition of being one of the top 50 AI influencers on Twitter in 2018 and 2019.
Terence has a passion for creating large businesses, enhancing efficiency, and improving decision-making. He is also an evangelist for a new class of AI that is explainable, accountable, not biased, nor destructive. 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.
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 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 consists of 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 employs blockchain technology to establish a secure and transparent record of transactions, ensuring accountability and trust.
CodeVeuu is an AI-powered coding engine that automates the process of medical coding and billing, reducing 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 helps providers and payers identify and prevent 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 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, 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. You can view here for more information about this product.