Sift Healthcare, Milwaukee, WI-based AI-powered healthcare payment solutions, has closed $20 million in Series B funding.
Investors
The round was led by B Capital, with continued support from existing investors such as Allos Ventures, First Trust Capital Partners, and Rock River Capital.
B Capital invests globally in extraordinary founders and businesses shaping the future through technology. With more than $6 billion in assets under management and dedicated stage-based funds, the firm focuses on seed to early- and late-stage venture growth investments, primarily in the technology, healthcare, and climate sectors.
Sift Healthcare Use of Funds
The funding will primarily be allocated towards team expansion and technology investments in artificial intelligence. Sift aims to grow its industry-first Payments Intelligence Platform, enhancing its capabilities and expanding its impact within the healthcare revenue cycle.
About Sift Healthcare
Founded in 2017, Sift Healthcare is a healthcare payments analytics and data science company. Its Payments Intelligence Platform, AI solutions, and advanced analytics enable healthcare providers to fully leverage their payment data to reduce write-offs, accelerate insurance reimbursement, improve patient payment strategies, and optimize revenue cycle efficiency.
Funding Details
Company: Sift Healthcare
Raised: $20.0M
Round: Series B
Funding Month: May 2024
Lead Investors: B Capital
Additional Investors: Allos Ventures, First Trust Capital Partners, Rock River Capital
Company Website: https://www.sifthealthcare.com/
Software Category: Healthcare Payment Solutions
Source: https://www.prnewswire.com/news-releases/sift-healthcare-raises-20m-series-b-funding-round-to-enhance-ai-powered-payment-solutions-302140400.html