technology

What You Should Know About This Year

How AI and Blockchain are Transforming Healthcare with Terence Mills and Veuu

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. Innovative solutions that can harness the potential of artificial intelligence (AI) and blockchain technology are required to solve these problems.

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 a promoter of a new kind of AI that is understandable, responsible, unbiased, and harmless. His goal is to help executives and industry leaders create truly efficient businesses by putting information into the hands of employees so that they can take action and improve outcomes.

Veuu, a fintech company that offers a unique solution for healthcare payments, is one of the ways Terence is accomplishing his vision. 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 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 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 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 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.

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. 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.