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.
B2B
26 to 50
Series A
$16M
Scaling Up
2017
Health Care Facilities & Hospitals
Accounting
Identify Valuable Claim Denials
Increase Efficiency
Increase Productivity
Analytics
Service
Sales
Yes
Active
Machine Learning
Software
AI/ML Professionals
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4
1
$9M
Company was founded 2017 and it took almost 5 years (Jul 2022) to raise first external round
Investors
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