Sift Healthcare is a United States-based startup that aims to revolutionize healthcare payments through advanced data science. Founded in 2017, the company offers a complete payments analytics platform for healthcare providers and revenue cycle managers. By leveraging data visualization tools, AI-driven denials and payment management, as well as C-Suite intelligence tools, Sift equips its clients to better understand payment trends, prioritize revenue cycle management workflows, and hasten cash flow.
This Series B investment of $20.00M on 09 May 2024 was led by Allos Ventures, B Capital Group, Rock River Capital Partners, and First Trust Capital Partners. Sift's focus on revenue cycle optimization within the AI, Analytics, Fintech, Health Care, IT, and Insurtech industries positions it as a promising prospect for investors seeking innovation at the intersection of healthcare and financial technology. Its ability to provide meaningful insights that reduce denials, increase patient payments, maximize reimbursements, and cut the time and cost of collections indicates potential for sustainable growth and positive impact within the healthcare payments landscape.
