Sift Healthcare (formerly known as SiftMD), a Milwaukee-based revenue cycle intelligence company, received a $1m in funding.
Winnebago Seed Fund and additional investors including Wind River Financial, a Madison-based payment processing company, participated in the round.
The company will sign a strategic partnership with Wind River to provide a range of solutions for healthcare organizations including claims workflow intelligence, reimbursement performance intelligence and patient financial interaction intelligence.
Led by Justin Nicols, founder and chief executive officer, Sift Healthcare provides an HIPAA-compliant platform that uses data science and predictive analytics to optimize the financial performance of the entire revenue cycle continuum by creating a 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 relationships for providers.