Tassat provides a private blockchain banking solution that enables clients of the same bank to pay each other instantly using tokenized deposits. Like JP Morgan’s JPM Coin (renamed to Kinexys Digital Payments), it automates transactions using smart contracts. So far Tassat’s solution has been deployed by half a dozen banks and used to process more than $2 trillion in transactions. Now Tassat has partnered with Veuu, a startup that is using AI to tackle healthcare insurance claims processing and payments.
Veuu’s main proposition is it processes health provider insurance claims quickly, usually paying out claims the same day. It uses AI to code health provider claims and assess risks that the claim might be denied. We assume it’s not the insurer (payer) that pays instantly, but a bank that’s willing to provide working capital based on the strong likelihood of the claim getting paid.
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