Veuu announces Partnership with Florida Medical Association to facilitate instant payments for physicians.
TAMPA, Fla., Feb. 6, 2025 /PRNewswire/ — Veuu, an innovative healthcare FinTech company, has entered into a Marketing and Licensing Agreement with the Florida Medical Association (FMA). Veuu will work alongside the FMA to introduce an AI-driven instant payments platform to its membership, who exceed 25,000 physicians. This partnership represents a major milestone in the healthcare industry, aiming to revolutionize claims payment for physicians across Florida.
By introducing instant payments, Veuu is transforming the healthcare payment process through immediate reimbursement for FMA physician members. This approach to payments eliminates outstanding debt for physicians while significantly lowering costs as well as reducing instances of fraud.
Positioned between physicians and insurance companies, Veuu pays physicians instantly at negotiated rate, enabling physicians to receive much needed operating capital rather than waiting weeks, or sometimes even months, for reimbursement from the insurance payer. Utilizing advanced AI technology, Veuu assesses and mitigates the inherent risks in claims by making specific predictions about denials and payment. As a result, Veuu can submit large portfolios of cleaner claims to the insurance companies allowing for a reduction in their need for manual reviews.
Terence Mills, the CEO and Chief AI Architect of Veuu said, “together with Florida Medical Association, we are delivering an innovative solution that enables FMA’s membership to utilize Veuu’s AI and instant payments platform to address significant challenges in healthcare payments. FMA seeks to improve their Physician practices, and we are eager to help them do just that – we can get Physician’s paid immediately. Veuu is thrilled to work with FMA to carry out this initiative and help their membership with instant payments – we want to remove physicians’ risk and provide them a way to manage their cashflow in the face of increasing reimbursement challenges.”
Veuu and the Florida Medical Association are strategically aligned to drive significant value within Florida’s healthcare market by ensuring FMA members receive immediate payments. Veuu’s AI-powered platform offers a customized solution for instant payments in healthcare, now accessible to FMA’s physician members.
FMA CEO, Chris Clark, echoed the sentiment of collaboration, saying, “We are very excited to sign this agreement with Veuu as they are very aligned with our mission of “Helping Physicians Practice Medicine”.
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.
About The Florida Medical Association
Founded in 1874, the Florida Medical Association is a professional association dedicated to the service and assistance of Doctors of Medicine and Doctors of Osteopathic Medicine in Florida. The FMA represents more than 25,000 members on issues of legislation and regulatory affairs, medical economics and education, public health, and ethical and legal issues. We advocate for physicians and their patients to promote the public health, ensure the highest standards of medical practice, and to enhance the quality and availability of health care in the Sunshine State.
Veuu Contact Information
Address: 400 N. Ashley Drive, P400, Tampa, FL 3360 United States
Phone: (813) 563-0197,109
Email: PR@veuu.com
Website: https://veuu.com
LinkedIn: https://www.linkedin.com/company/veuu-incorporated/
X (formerly Twitter): https://x.com/Veuu_Inc
Florida Medical Association Contact Information
Address: 1430 Piedmont Dr E, Tallahassee, Fl, 32308
Phone: (850)224-6496
Email: Communications@flmedical.org
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SOURCE Veuu
