Veuu announces Partnership with Wipro to facilitate instant payments in healthcare
Veuu and Wipro (WIT) have announced a strategic partnership to revolutionize healthcare payments through an AI-powered instant payments platform. The collaboration aims to bridge the gap between healthcare providers and payers by enabling immediate reimbursements.
The platform leverages AI technology to evaluate claims risks, predict denials, and provide instant approval or rejection decisions within milliseconds. Providers receive immediate access to operating capital at negotiated rates, eliminating the traditional weeks-long wait for insurance reimbursements. The system also submits cleaner claim portfolios to insurance companies, reducing manual review costs.
Through Wipro's Provider in a Box solution, which incorporates Veuu's AI-enabled platform alongside IT and Provider Operations Transformation expertise, the partnership aims to deliver cash-flow relief, reduce healthcare costs, and improve care quality.
Veuu e Wipro (WIT) hanno annunciato una partnership strategica per rivoluzionare i pagamenti nel settore sanitario attraverso una piattaforma di pagamenti istantanei alimentata dall'IA. La collaborazione mira a colmare il divario tra i fornitori di assistenza sanitaria e i pagatori, consentendo rimborsi immediati.
La piattaforma sfrutta la tecnologia dell'IA per valutare i rischi delle richieste, prevedere i rifiuti e fornire decisioni di approvazione o rifiuto in millisecondi. I fornitori hanno accesso immediato al capitale operativo a tariffe negoziate, eliminando l'attesa tradizionale di settimane per i rimborsi assicurativi. Il sistema invia anche portafogli di richieste più puliti alle compagnie assicurative, riducendo i costi di revisione manuale.
Attraverso la soluzione Provider in a Box di Wipro, che incorpora la piattaforma abilitata all'IA di Veuu insieme all'expertise in trasformazione delle operazioni IT e dei fornitori, la partnership mira a fornire sollievo al flusso di cassa, ridurre i costi sanitari e migliorare la qualità delle cure.
Veuu y Wipro (WIT) han anunciado una asociación estratégica para revolucionar los pagos en el sector de la salud a través de una plataforma de pagos instantáneos impulsada por IA. La colaboración tiene como objetivo cerrar la brecha entre los proveedores de atención médica y los pagadores, permitiendo reembolsos inmediatos.
La plataforma aprovecha la tecnología de IA para evaluar los riesgos de las reclamaciones, predecir denegaciones y proporcionar decisiones de aprobación o rechazo en milisegundos. Los proveedores obtienen acceso inmediato a capital operativo a tasas negociadas, eliminando la espera tradicional de semanas para los reembolsos de seguros. El sistema también envía carteras de reclamaciones más limpias a las compañías de seguros, reduciendo los costos de revisión manual.
A través de la solución Provider in a Box de Wipro, que incorpora la plataforma habilitada por IA de Veuu junto con la experiencia en transformación de operaciones de TI y proveedores, la asociación tiene como objetivo brindar alivio en el flujo de caja, reducir los costos de atención médica y mejorar la calidad de la atención.
Veuu와 Wipro (WIT)는 AI 기반의 즉각 결제 플랫폼을 통해 의료 결제를 혁신하기 위한 전략적 파트너십을 발표했습니다. 이 협력은 의료 제공자와 지급자 간의 격차를 해소하고 즉각적인 환급을 가능하게 하는 것을 목표로 하고 있습니다.
플랫폼은 AI 기술을 활용하여 청구 위험을 평가하고, 거부를 예측하며, 밀리초 내에 즉각적인 승인 또는 거부 결정을 제공합니다. 제공자는 협상된 요율로 운영 자본에 즉시 접근할 수 있어 전통적인 보험 환급 대기 기간을 없애줍니다. 시스템은 또한 보험사에 더 깔끔한 청구 포트폴리오를 제출하여 수동 검토 비용을 줄입니다.
Wipro의 Provider in a Box 솔루션을 통해 Veuu의 AI 지원 플랫폼과 IT 및 제공자 운영 변환 전문성을 통합하여, 파트너십은 현금 흐름 완화, 의료 비용 절감 및 치료 품질 향상을 목표로 하고 있습니다.
Veuu et Wipro (WIT) ont annoncé un partenariat stratégique pour révolutionner les paiements dans le secteur de la santé grâce à une plateforme de paiements instantanés alimentée par l'IA. La collaboration vise à combler le fossé entre les prestataires de soins de santé et les payeurs en permettant des remboursements immédiats.
La plateforme utilise la technologie IA pour évaluer les risques de réclamation, prédire les refus et fournir des décisions d'approbation ou de rejet instantanées en quelques millisecondes. Les prestataires ont un accès immédiat au capital d'exploitation à des taux négociés, éliminant l'attente traditionnelle de plusieurs semaines pour les remboursements d'assurance. Le système soumet également des portefeuilles de réclamations plus propres aux compagnies d'assurance, réduisant ainsi les coûts de vérification manuelle.
Grâce à la solution Provider in a Box de Wipro, qui intègre la plateforme habilitée par l'IA de Veuu et l'expertise en transformation des opérations informatiques et des prestataires, le partenariat vise à offrir un soulagement de la trésorerie, à réduire les coûts de santé et à améliorer la qualité des soins.
Veuu und Wipro (WIT) haben eine strategische Partnerschaft angekündigt, um die Zahlungen im Gesundheitswesen durch eine KI-gestützte Sofortzahlungsplattform zu revolutionieren. Die Zusammenarbeit zielt darauf ab, die Lücke zwischen Gesundheitsdienstleistern und Zahlenden zu schließen, indem sofortige Rückerstattungen ermöglicht werden.
Die Plattform nutzt KI-Technologie zur Bewertung von Anspruchsrisiken, zur Vorhersage von Ablehnungen und zur Bereitstellung von sofortigen Genehmigungs- oder Ablehnungsentscheidungen in Millisekunden. Anbieter erhalten sofortigen Zugang zu Betriebskapital zu verhandelten Sätzen, wodurch die traditionelle wochenlange Wartezeit auf Versicherungsrückerstattungen entfällt. Das System reicht außerdem sauberere Anspruchsportfolios bei den Versicherungsunternehmen ein, wodurch die Kosten für manuelle Überprüfungen gesenkt werden.
Durch Wipros Lösung Provider in a Box, die Veuus KI-gestützte Plattform sowie Expertise in der IT- und Anbieterbetriebstransformation integriert, zielt die Partnerschaft darauf ab, den Cashflow zu entlasten, die Gesundheitskosten zu senken und die Versorgungsqualität zu verbessern.
- Strategic partnership enhances Wipro's healthcare payment solutions portfolio
- Integration with Provider in a Box solution expands market reach
- AI-powered platform creates new revenue stream in healthcare fintech
- None.
Insights
This strategic partnership represents a significant advancement in Wipro's healthcare technology portfolio, particularly in the $4 trillion U.S. healthcare market where payment inefficiencies cost the industry billions annually. The integration of Veuu's AI-powered instant payment platform with Wipro's Provider in a Box solution creates a compelling value proposition that addresses multiple critical challenges in healthcare payments.
The partnership's strategic value lies in three key areas:
- Revenue Cycle Enhancement: By enabling instant payments, Wipro can now offer healthcare providers immediate access to operating capital, potentially reducing their working capital requirements by weeks or months. This addresses a significant pain point in the industry where delayed payments often impact operational efficiency.
- Cost Reduction Through AI: The AI-powered risk assessment and instant claims validation capability significantly reduces administrative costs associated with manual reviews and repeated claim submissions. This efficiency gain directly impacts both providers' operational costs and payers' processing expenses.
- Market Differentiation: This collaboration strengthens Wipro's competitive position in healthcare IT services by adding a unique, AI-driven instant payment capability to its suite of solutions. This differentiator could help capture a larger share of the healthcare technology market, particularly as providers seek integrated solutions for revenue cycle management.
While the immediate impact on Wipro's revenue may be modest, the long-term strategic value is substantial. The partnership positions Wipro to capture a larger share of healthcare IT spending, particularly as providers increasingly prioritize payment efficiency and working capital optimization. The recurring revenue potential from transaction fees and ongoing service provisions could create a steady, growing revenue stream for Wipro's healthcare division.
By introducing instant payments, Veuu is transforming the healthcare payment process through immediate reimbursement for providers. This approach eliminates outstanding debt for providers while significantly lowering costs for payers as well as reducing instances of fraud.
Veuu acts as a bridge between providers and payers, offering instant payment to providers and physicians at negotiated rates. This immediate access to operating capital eliminates the lengthy wait—often weeks or months—for reimbursement from insurance payers. Leveraging advanced AI technology, Veuu evaluates and minimizes the risks associated with claims by accurately predicting denials and payment outcomes. Within milliseconds of submission, Veuu can inform providers whether a claim is approved for payment or rejected, along with the specific reason for rejection. This not only saves providers significant time and resources but also enables Veuu to submit cleaner, more accurate claim portfolios to insurance companies, reducing the costs associated with manual reviews.
Once risk approved, Veuu's payments platform enables efficient fund transfers from payers at reduced rates, further optimizing the payments process and lowering costs for payers.
Terence Mills, the CEO and Chief AI Architect of Veuu said, "Receiving timely payments has always been an issue faced by providers and can cause disruption to operating capital when delayed. Together with Wipro, we can ensure that providers receive payments instantly while also offering cost reductions to payers."
Together, Veuu and Wipro are strategically positioned to disrupt the market. Veuu's AI powered offering delivers a targeted solution for instant payments in healthcare, which customers, who rely on Wipro's diverse healthcare data management and revenue cycle solutions, can effectively utilize.
Nani Iyer, Vice President & Sector Growth Leader, Healthcare at Wipro Limited, echoed the sentiment of collaboration, saying, "We are excited to partner with Veuu to deploy our Provider in a Box solution, that includes Veuu's AI-enabled instant payments platform alongside our comprehensive IT and Provider Operations Transformation expertise to deliver immediate cash-flow relief, reduce overall healthcare costs, and improve the quality of care."
About Veuu
Veuu is an inclusive and sustainable FinTech ecosystem for healthcare that uses advanced AI to revolutionize healthcare payments to providers while driving down costs for payers. Veuu's ecosystem features a suite of AI tools which can predict risks inherent in healthcare claims, automate and streamline the payments process, and deliver instant payments. Also included in Veuu's ecosystem are data tools that leverage real-time insights from claims, coding, payment data, and various other metrics for audit defense, thereby enhancing decision-making processes and contributing to improved quality of care. Visit us at www.veuu.com.
Media Contact:
Veuu media relations
PR@veuu.com
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.
Media Contact:
Wipro Media Relations
media-relations@wipro.com
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SOURCE Veuu
FAQ
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