Sift Healthcare has secured $20 million in Series B investment. The company is situated in Milwaukee, WI and offers AI-powered healthcare payment solutions.
Investors
- B Capital
- Allos Ventures
- First Trust Capital Partners
- Rock River Capital
Use of funds
As its platform expands, the business plans to utilize the cash primarily to invest in artificial intelligence technologies and to expand its personnel.
After the release of RevProtect, Sift’s Payments Intelligence Co-Pilot, a Series B investment round was held. RevProtect, which was developed in conjunction with clinical workflow and service providers, offers real-time guidance within clinical workflows so that professionals in utilization review (UR), clinical documentation improvement (CDI), and coding can take proactive measures to decrease avoidable write-offs, improve accuracy, and prevent clinical denials.
About Sift healthcare
Under the direction of its founder and CEO, Justin Nicols, Sift Healthcare is a data science and analytics company focused on healthcare payments. The company offers a payments intelligence platform, AI solutions, and advanced analytics to help healthcare providers make the most of their payment data in order to lower write-offs, speed up insurance reimbursement, enhance patient payment plans, and maximize revenue cycle efficiency.
“With the backing of B Capital, Sift is well-positioned to scale our Payments Intelligence Platform in new and existing markets and expand our impact within the revenue cycle, revolutionizing how providers use their data to optimize payment outcomes.”
Justin Nicols
