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
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