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. But it also has to deal with many difficulties, such as increasing costs, inefficiencies, fraud, data leaks, and quality problems. Innovative solutions that can harness the potential of artificial intelligence (AI) and blockchain technology are required to solve these problems.

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 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 an evangelist for a new class of AI that is explainable, accountable, not biased, nor destructive. 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.

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 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 assist adjudicators in analyzing evidence, generating outcomes, and ensuring fairness and transparency.

Veuu includes 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 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 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 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.