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

Millions of lives are impacted every day by healthcare, one of the world’s most vital and intricate sectors. But it also has to deal with many difficulties, such as increasing costs, inefficiencies, fraud, data leaks, and quality problems. 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 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 a promoter of a new kind of AI that is understandable, responsible, unbiased, and harmless. 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.

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 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 enables providers to get payments from payers instantly, without delays, fees, or intermediaries. 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 streamlines the process of medical coding and billing, lowering 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 mark suspicious claims, patterns, and behaviors, and offer 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, 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.

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