University of Tennessee invests in professor’s health care AI startup
The University of Tennessee Research Foundation has invested $150,000 in VisualizAI, a startup aimed at helping health care providers recover revenue lost to denied or underpaid insurance claims.
The firm’s founder, a computer science professor named Jian Huang, told Knox News that it will give students at UT an opportunity to get experience working on artificial intelligence software.
The investment is the second made through a $5 million research fund called the Accelerate Fund, a one-time investment the university provided to turn the work of professors and their students into companies.
“[VisualizAI] is a great example of how UT-driven research can lead to real-world solutions that improve efficiency, accuracy and outcomes in critical industries like health care,” UT System President Randy Boyd said in a press release.
The tool processes claims and visualizes the data in an attempt to ease the burden of health care administrators seeking to find why claims are being underpaid or denied. Huang said such work is ordinarily tedious and time-consuming for health providers.
