What You Should Know:
– Tassat Group, Inc., the leading provider of private permissioned blockchain-based real-time settlement solutions, today announced its strategic partnership with Veuu, an innovative AI-powered healthcare fintech company, to improve the inefficiencies and opaqueness plaguing the healthcare claims and payment process.
– Leveraging Tassat’s smart contract capabilities, this collaboration empowers Veuu with a solution to provide greater confidence in the traceability and immutability of insurance claims and instant payments for its healthcare customers. The initiative enables payers, providers, and banks to maintain full visibility into their claims payments processes and automate payment data with end-to-end traceability and audit functionality, resulting in maximized cash flow management and operational efficiency, while bringing providers and payers closer together.
Tassat Group: Redefining Real-Time Transactions Through Blockchain Innovation
Tassat Group, Inc., a New York-based technology company, is at the forefront of delivering private blockchain solutions that enable real-time transactions with unmatched security, efficiency, transparency, and speed. Central to Tassat’s offerings is **TassatPay**, the industry’s leading real-time finance platform, which has facilitated over $2 trillion in instantaneous transactions to date.
Revolutionizing Claims Processes with Veuu Partnership
The partnership between Tassat and Veuu is transforming the traditionally opaque and costly healthcare claims process by addressing key challenges:
-Regulatory Costs: Physicians collectively spend over $8.3 billion annually to maintain HIPAA compliance with patient data.
– Operational Complexity: Payment participants face divergent objectives and substantial administrative burdens.
This collaboration integrates Veuu’s artificial intelligence engine, which provides:
– 360-Degree Risk Assessment: Enabling instant claims payment with enhanced accuracy.
– Smart Contract Technology: Tassat’s blockchain-driven solution enhances the audibility and transparency of claims processes.
By optimizing administrative workflows, the partnership helps payers and providers reduce costs while improving the quality of care delivery.
Expanding Blockchain Applications with Glasstower Digital
Tassat’s innovative approach extends beyond healthcare through its partnership with Glasstower Digital, which offers corporate users:
– Turnkey Technology Solutions: Enabling secure, efficient, and cost-effective cross-border digital payments.
Future Outlook: Scaling Across Industries
With additional product launches and strategic partnerships on the horizon, Tassat is committed to expanding its blockchain solutions across diverse industries and verticals. As the company continues to develop its robust suite of applications, **TassatPay** remains its flagship platform, delivering trusted real-time financial solutions to businesses worldwide.
“The ability to create a smart contract for a healthcare claim and remittance introduces automation, transparency, and auditability while removing fraud from the process of healthcare payments. Storing this protected data on a blockchain is the optimal use for this technology,” said Terence Mills, Founder and Chief Executive Officer of Veuu. “Marrying this solution with a healthcare use case which allows providers to get paid instantly while also reducing cost for payers, solves one of the biggest problems in healthcare.”
