Artificial Intelligence | Machine Learning Sift Healthcare | AI for Healthcare Payments


Enterprise, Hospitals and Health Care, Denials Management, Contract Management, Claims Workflow Intelligence Milwaukee, Wisconsin, United States

Sift Healthcare

Artificial Intelligence | Machine Learning


Sift Healthcare | AI for Healthcare Payments

Sift Healthcare

Hospitals and Health Care, Denials Management, Contract Management, Claims Workflow Intelligence


Milwaukee, Wisconsin, United States

Sift equips healthcare providers and revenue cycle managers with a complete payments analytics platform making it easy to visualize and understand payment trends, prioritize RCM workflows and accelerate cash flow. Sift improves data clarity and optimizes the financial performance of the entire revenue cycle continuum. Meaningful insights help reduce denials, increase patient payments, maximize reimbursements and reduce time and cost to collect.

Sift captures insurance claims and patient financial data into a HIPAA-compliant, cloud-based and normalized database, providing a single source of truth for your healthcare payments. Sift fills the gaps between a provider’s EHR, clearinghouse,  workflow tools, and patient engagement platform. Sift unifies the data points from each system to build a unique and proprietary data set and provide holistic payments oversight. By applying multiple data science techniques, Sift provides comprehensive and integrated recommendations for denials management, payer assessment, patient collections, and patient acquisition. Sift’s claim analytics find that 86% of collectible denial dollars can be found in 25% of claims. We identify what claims your teams should work with and in what order. The 10% of patients least likely to pay their bills account for 50%+ of outstanding patient payment bills and pay less than 5% of their bills. Sift claims analytics find that 40% of total patient payment write-off dollars can be found in 10% of accounts.

Sift Healthcare provides advanced decision support solutions for managing the increasingly complex healthcare revenue cycle. Sift provides insights necessary to accelerate insurance payments, reduce overall denials, increase patient responsibility collections, monitor payer contracts and drive smarter workflows. Sift Healthcare fills the analytic gaps of traditional vendor solutions.

 
 

   Total Funding: $42M

   Funding Stage: Series B

   Business Stage: Scaling Up

   Market: B2B

   Company Size: 26 to 50

   Founded: 2017

May 2024

  • Sift Healthcare raised $20M Series B round. Total funding reached to $42M.

Nov 2022

  • Sift Healthcare Named to AVIA Connect’s Top Patient Billing and Payment Companies

Oct 2019

  • Sift Healthcare Wins 2019 Wisconsin Innovation Award
 
 

AI/ML Startup DealsGet Free Access

Date

Round

$ Raised

Investors

05/09/2024

Series B

$20M

B Capital, Allos Ventures, First Trust Capital Partners, Rock River Capital

Date : 05/09/2024

Round: Series B

$ Raised: $20M

Investors: B Capital, Allos Ventures, First Trust Capital Partners, Rock River Capital

07/18/2022

Series A

$9M

Allos Ventures, First Trust Capital Partners, Rock River Capital Partners, Winnebago Seed Fund

Date : 07/18/2022

Round: Series A

$ Raised: $9M

Investors: Allos Ventures, First Trust Capital Partners, Rock River Capital Partners, Winnebago Seed Fund

 

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Justin Nicols


Justin Nicols
Founder & CEO

Dhiraj Sankala


Dhiraj Sankala
CTO

Bob Hoyler


Bob Hoyler
COO

Bethany Grabher

Bethany Grabher
Head of Marketing/CMO

 
 

Sift Healthcare is growing. Want to work at Sift Healthcare? Sift Healthcare is hiring. Join team at Sift Healthcare

 

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