Terence Mills and Veuu: How They are Using AI and Blockchain to Innovate Healthcare
Millions of lives are impacted every day by healthcare, one of the world’s most vital and intricate sectors. 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.
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 distinguished and esteemed member of the Forbes Technology Council and a monthly contributor on AI for Forbes.com. 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 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.
Terence is realizing his vision through Veuu, a fintech company that provides a unique solution for healthcare payments, among other ways. Veuu is the only and first AI solution that eradicates A/R days and denials, enabling healthcare providers to get 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 process of resolving disputes or claims by applying legal rules and principles. AI can be used to assist adjudicators in analyzing evidence, generating outcomes, and ensuring fairness and transparency.
Veuu comprises 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 uses blockchain technology to create a secure and transparent ledger 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 analyze clinical documentation and generate 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 uses blockchain technology to create a decentralized and encrypted network of data, ensuring privacy, accessibility, and integrity.
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.