Doing The Right Way

Terence Mills and Veuu: How They are Using AI and Blockchain to Innovate Healthcare

Every day, healthcare, which is one of the most crucial and complicated sectors in the world, affects millions of people. 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.

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 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 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.

Terence is realizing his vision through Veuu, a fintech company that provides a unique solution for healthcare payments, among other ways. 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 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 consists of 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 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 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 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, improving the quality of care, and enhancing patient satisfaction. Veuu is also enabling a more efficient and effective healthcare system, by creating new opportunities for innovation and collaboration among stakeholders. This product has more details that you can check out here.

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