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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. 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.

Terence Mills, the CEO of AI.io, a data science and engineering company that imagines, designs, and implements AI solutions in healthcare, travel, and entertainment, is one of the trailblazers in this field. Terence is also a distinguished and esteemed member of the Forbes Technology Council and a monthly contributor on AI for Forbes.com. He received the recognition of being 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 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.

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 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 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 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 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 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 utilizes blockchain technology to generate a decentralized and encrypted network of data, ensuring integrity, accessibility, and privacy.

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.