Provides a cloud-based platform that unifies and normalizes healthcare payments data from EHRs, clearinghouses, and patient engagement systems into a single, HIPAA-compliant database. Uses machine learning to deliver actionable insights for denials management, payer assessment, and patient collections, enabling healthcare organizations to reduce write-offs, prioritize workflows, and optimize revenue cycle performance.
Funding
$33.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Healthcare organizations face challenges in unifying and normalizing payments data scattered across various systems like EHRs, clearinghouses, and patient engagement platforms. This fragmented data environment hinders comprehensive financial oversight and limits the ability to derive actionable insights for revenue cycle optimization. The lack of a single source of truth makes it difficult to identify and address inefficiencies in denials management, payer assessment, and patient collections.
Solution
Sift Healthcare provides a payments intelligence platform that consolidates and normalizes healthcare payments data into a HIPAA-compliant, cloud-based database. The platform leverages machine learning to deliver actionable insights, enabling healthcare organizations to optimize their revenue cycle. Sift's solutions focus on denials prevention, smart claim edits, appeal workflow prioritization, and patient-specific collection strategies. By applying data science techniques, Sift offers integrated recommendations for denials management, payer assessment, patient collections, and patient acquisition, ultimately improving data clarity and accelerating cash flow. The platform's Rev/Track feature provides automated daily reporting with operational intelligence for all levels within a provider organization or RCM.
Target Audience
Sift Healthcare targets healthcare providers, revenue cycle managers, and C-suite executives seeking to optimize financial performance, reduce denials, increase patient payments, and maximize reimbursements.
Features
- Unified data ingestion from 837, 835, and payment files, bridging gaps between EHRs, clearinghouses, workflow tools, and patient engagement platforms
- AI-driven denials management, including denials prevention, overturn prediction, and workflow prioritization
- Machine learning integrations for patient financial engagement, recommending patient-specific collection strategies
- Rev/Track for automated daily reporting with operational intelligence
- Data visualization tools, including denials and payments dashboards
- C-Suite intelligence tools for high-level metrics and strategic decision-making
- Smart claim edits to reduce denials
- Proprietary data set built from unified data points across various systems