On May 9, 2024, the Milwaukee, USA-based AI-driven healthcare payment solutions startupSift Healthcareannounced it raised $20 million in Series B funding. The round was led by B Capital and continued support from existing investors including Allos Ventures, First Trust Capital Partners, and Rock River Capital.
The company plans to use the raised funds for team expansion and technology investment, particularly in artificial intelligence, to support the company in growing its industry-first healthcare payment intelligence platform.
Founded in 2017, Sift Healthcare is a healthcare payment analytics and data science company led by founder and CEO Justin Nicols. Sift Healthcare's main business is providing a healthcare payment intelligence platform and AI solutions, as well as advanced data analytics services. Its payment intelligence platform, AI solutions, and advanced analytics enable healthcare providers to fully leverage their payment data, reduce write-offs, accelerate insurance reimbursement, improve patient payment strategies, and optimize revenue cycle efficiency.
(Source:PR Newswire）