Sift Healthcare is a Milwaukee, WI-based provider of AI-powered healthcare payment solutions and payments intelligence. Led by founder and CEO Justin Nicols, the company offers a payments intelligence platform, AI solutions and advanced analytics that enable providers to reduce write-offs, accelerate insurance reimbursement, improve patient payment strategies, and optimize revenue cycle efficiency. The company launched a Payments Intelligence Co-Pilot, RevProtect, which delivers real-time guidance within clinical workflows to help utilization review (UR), clinical documentation improvement (CDI), and coding professionals improve accuracy, prevent clinical denials, and reduce avoidable write-offs. Sift raised $20M in a Series B to prioritize team expansion and technology investments in artificial intelligence as it grows its platform. The funding is intended to support scaling into new and existing markets and expand its impact within the revenue cycle. The company has continued backing from investors such as Allos Ventures, First Trust Capital Partners and Rock River Capital. Sift Healthcare is a payments analytics and data science company whose products focus on denials and patient payments. Its Payments Intelligence Platform, machine learning integrations, and Rev/Track Insights Suite enable providers and payers to leverage payments data to accelerate insurance reimbursement, improve patient payment strategies, and optimize revenue cycle efficiency. The company’s core offerings include denial prioritization and patient-pay solutions that surface actionable insights across the revenue cycle. Future plans described in the articles center on integrating those solutions into partner platforms to shift revenue cycle management from reactive, point-solution automation to preventative, end-to-end automation. Through a strategic partnership with IKS Health, Sift intends to expand deployment across ambulatory customers and provider enterprises nationwide. No revenue or other financial metrics were disclosed in the articles. Sift Healthcare, based in Milwaukee, WI and led by CEO Justin Nicols, provides a Payments Intelligence Platform, machine‑learning integrations and the Rev/Track Insights Suite to help providers and payers leverage payments data. Its products are designed to accelerate insurance reimbursement, improve patient payment strategies and optimize revenue cycle efficiency. The company sells denials management and patient payment solutions and plans to launch a mid‑cycle denials prevention solution. The business focuses on extracting actionable insights from payments data to boost payer reimbursement and patient collections. The company raised new funding to accelerate sales and product rollout. Sift Healthcare is a Milwaukee-based data science and analytics company that brings AI to healthcare payments. Its core product is a data platform that includes dashboards and reporting, machine learning integrations, and C-suite intelligence tools. These offerings are designed to equip healthcare providers and RCMs with meaningful insights and workflow enhancements for the revenue cycle. The company raised $2.8M in funding and intends to use the proceeds to expand its data science and data engineering teams. Sift is led by founder and CEO Justin Nicols. The company also announced a partnership with State Collection Service to support its analytics solutions. Sift Healthcare offers a HIPAA-compliant platform that uses data science and predictive analytics to optimize the financial performance of the entire revenue cycle continuum. The platform creates a unified picture of patients’ submissions, claims and payments across multiple and previously isolated data sources. Its analytic insights drive workflow optimization, reduce denials and customize the patient-pay experience, which increases collections and helps maintain provider relationships. The company is led by founder and CEO Justin Nicols and is based in Milwaukee. As part of its growth plans, Sift will sign a strategic partnership with Wind River Financial to provide a range of solutions for healthcare organizations, including claims workflow intelligence, reimbursement performance intelligence and patient financial interaction intelligence. The company recently raised $1M in funding to support these efforts.

Total raised

$33M

Funding rounds

6

Latest round

Series B

Latest activity

May 2024