Sift Healthcare Revolutionizes Healthcare Payments with $20M Series B Funding
May 15, 2024, 7:35 am
Location: United States, Wisconsin, Milwaukee
Employees: 11-50
Founded date: 2017
Total raised: $258.8M
Sift Healthcare, a leader in AI-powered healthcare payment solutions, recently secured $20 million in Series B funding. The round, led by B Capital, aims to fuel team expansion and technology investments in artificial intelligence. Sift Healthcare's innovative Payments Intelligence Platform leverages AI to optimize revenue cycle efficiency, reduce write-offs, and accelerate insurance reimbursement for healthcare providers.
Founded by Justin Nicols, Sift Healthcare is at the forefront of healthcare payments analytics, offering advanced analytics and AI solutions that empower providers to make data-driven decisions. The company's latest offering, RevProtect, provides real-time guidance within clinical workflows to improve accuracy, prevent denials, and reduce avoidable write-offs.
Justin Nicols expressed his excitement about the partnership with B Capital, stating that Sift Healthcare is well-positioned to scale its platform and expand its impact within the revenue cycle. With a focus on transforming how providers use data to optimize payment outcomes, Sift Healthcare is poised for significant growth in the healthcare industry.
By unifying clinical and payments data, Sift Healthcare's platform creates a longitudinal data set that drives machine-learning interventions to predict adverse payment outcomes and optimize patient financial engagement. This innovative approach removes variability and opacity surrounding payer reimbursement, enabling providers to accurately determine patient cost responsibility upfront.
The addition of RevProtect to Sift Healthcare's suite of healthcare payments solutions further enhances the company's offerings. With RevCollect, RevEngage, and RevTrack, Sift Healthcare provides a comprehensive solution for revenue cycle optimization, leveraging AI and machine learning to drive process improvements and deliver actionable insights.
Key stakeholders, including Justin Nicols, Robert Mittendorff, and Nick Whitehead, highlighted the importance of AI-based technologies in healthcare delivery and administration. With B Capital's support, Sift Healthcare is poised to reshape revenue cycle processes and drive significant advancements in healthcare financial operations.
Overall, Sift Healthcare's $20 million Series B funding marks a significant milestone in the company's journey to revolutionize healthcare payments through AI-powered solutions. As the healthcare industry continues to evolve, Sift Healthcare remains at the forefront of innovation, driving positive change and optimizing payment outcomes for providers.
Founded by Justin Nicols, Sift Healthcare is at the forefront of healthcare payments analytics, offering advanced analytics and AI solutions that empower providers to make data-driven decisions. The company's latest offering, RevProtect, provides real-time guidance within clinical workflows to improve accuracy, prevent denials, and reduce avoidable write-offs.
Justin Nicols expressed his excitement about the partnership with B Capital, stating that Sift Healthcare is well-positioned to scale its platform and expand its impact within the revenue cycle. With a focus on transforming how providers use data to optimize payment outcomes, Sift Healthcare is poised for significant growth in the healthcare industry.
By unifying clinical and payments data, Sift Healthcare's platform creates a longitudinal data set that drives machine-learning interventions to predict adverse payment outcomes and optimize patient financial engagement. This innovative approach removes variability and opacity surrounding payer reimbursement, enabling providers to accurately determine patient cost responsibility upfront.
The addition of RevProtect to Sift Healthcare's suite of healthcare payments solutions further enhances the company's offerings. With RevCollect, RevEngage, and RevTrack, Sift Healthcare provides a comprehensive solution for revenue cycle optimization, leveraging AI and machine learning to drive process improvements and deliver actionable insights.
Key stakeholders, including Justin Nicols, Robert Mittendorff, and Nick Whitehead, highlighted the importance of AI-based technologies in healthcare delivery and administration. With B Capital's support, Sift Healthcare is poised to reshape revenue cycle processes and drive significant advancements in healthcare financial operations.
Overall, Sift Healthcare's $20 million Series B funding marks a significant milestone in the company's journey to revolutionize healthcare payments through AI-powered solutions. As the healthcare industry continues to evolve, Sift Healthcare remains at the forefront of innovation, driving positive change and optimizing payment outcomes for providers.