We are incredibly excited to announce that Eric Kijak has joined Sift as our new Vice President of Finance and Operations. Eric brings over 15 years of extensive experience in finance and business building. Before joining Sift, Eric played a pivotal role at Moxe Health, where he led corporate development activities, working closely with partners, customers, and investors. Eric also brings a wealth of experience from his time at 3M Ventures, where he led investments into early-stage healthcare startups. Eric’s deep health tech experience and hands-on leadership will be key at Sift as we continue to grow, scale our operations, and expand our partnerships. Please join us in welcoming Eric to the team!
Sift Healthcare
Hospitals and Health Care
Milwaukee, Wisconsin 11,197 followers
Sift transforms healthcare payments through advanced data science.
About us
Sift equips healthcare providers and revenue cycle managers with a complete payments analytics platform making it easy to visualize and understand payment trends, prioritize RCM workflows and accelerate cash flow. Sift improves data clarity and optimizes the financial performance of the entire revenue cycle continuum. Meaningful insights help reduce denials, increase patient payments, maximize reimbursements and reduce time and cost to collect. Revenue Cycle Optimization Solutions • Data Visualization Tools - Denials Dashbaord & Payments Dashbaord • AI-Driven Denials Management and Payment Management • C-Suite Intelligence Tools
- Website
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http://www.sifthealthcare.com
External link for Sift Healthcare
- Industry
- Hospitals and Health Care
- Company size
- 11-50 employees
- Headquarters
- Milwaukee, Wisconsin
- Type
- Privately Held
- Founded
- 2017
- Specialties
- Revenue Cycle Analytics, Predictive Analytics, AI, RCM Performance, Denials Management Optimization, Contract Management Performance, Claims Workflow Intelligence, Patient Financial Intelligence, RCM Operations, Payment Plan Analytics, healthcare payments, Healthcare Intelligence, Data Visualization, and Propensity To Pay
Locations
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Primary
220 E Buffalo St
Second Floor
Milwaukee, Wisconsin 53202, US
Employees at Sift Healthcare
Updates
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#Medicare advantage plans submitted 46M prior authorization requests in 2023 (+23% YoY). Insurers partially or fully denied 3.4M of these prior authorizations (7.4% of the total). **Only 9.9% of these denials were appealed, but 83.2% of appeals were approved** Leveraging #machinelearning driven propensity-to-deny and propensity-to-overturn intelligence not only prevents denials, but equips staff to focus on the denials most likely to be overturned (paid). https://lnkd.in/gBQTe7_X #AI #revenuecycle
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Leveraging #MachineLearning to minimize front-end clinical denials -- a key driver of avoidable write-off dollars for health systems of all sizes. https://bit.ly/4eYp19w #revenuecyclemanagement #hfma
The benefits of machine learning to mitigate and manage front-end clinical denials - 3M Inside Angle
https://insideangle.3m.com/his
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An insightful interview from Solventum with Jason Burke, VP of Revenue Cycle Solutions, discussing the challenges faced by revenue cycle leaders and how automation, #AI, and predictive analytics are revolutionizing the industry. Of specific note is how Solventum's Revenue Integrity System transforms denials management by predicting denials and alerting clinical documentation integrity (CDI) specialists, coders and clinicians to take action to handle potential issues before the claim is submitted. 👉 Read the full post here: https://lnkd.in/gQbvdJZW #hfma #RevenueCycleManagement Healthcare Financial Management Association (HFMA)
Three questions with Jason Burke: Connecting the dots across the revenue cycle with AI - 3M Inside Angle
https://insideangle.3m.com/his
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We're thrilled to announce that Sift is collaborating with Solventum to launch the AI-driven Solventum Revenue Integrity System. This industry-first solution is designed to help health systems predict and prevent clinical denials, ensuring more timely and accurate payer reimbursement. We’re incredibly excited about our work with Solventum and our teams' innovation, and we are proud of the impact this solution will have on healthcare providers. #RevenueCycleManagement #HFMA #healthtech Read the full announcement:
Solventum introduces denials prevention solution, an AI-powered tool, empowering health systems to help reduce write-offs and improve top line revenue
prnewswire.com
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🎉 🎉 Sift is excited to announce the successful close of our $20M Series B funding round! This is a significant milestone for Sift and underscores the growing confidence and impact of AI-powered solutions in healthcare revenue cycle management. Our Series B was led by B Capital with the support of our Series A investors, Allos Ventures, First Trust Capital Partners, and Rock River Capital Partners, LLC. This investment will fuel Sift’s efforts to scale and advance our industry-first Payments Intelligence Platform, which empowers healthcare organizations to work smarter, protect their margins, and accelerate cash. We are incredibly grateful to our dedicated Sift team, investors, and partners for their hard work and continued support on this journey. #HealthTech #AI #revenuecycle
As financial strains like ongoing health worker shortages continue to squeeze hospital billing and revenue cycle departments, AI-powered RCM services provider Sift Healthcare raises $20 million in Series B funding led by B Capital. The Milwaukee, Wisconsin-based company offers AI-based clinical workflow guidance tools designed to track payment trends, boost accuracy, and avoid clinical denials and write-offs.
Sift Healthcare collects $20M for medical billing, RCM tools
axios.com
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DENIALS. The overwhelming consensus for revenue cycle's top challenge https://lnkd.in/gFaqkrTv
The overwhelming consensus for revenue cycle's top challenge
beckershospitalreview.com
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"Every health system, regardless of size, sophistication, or funding levels, should have a very clear point of view on where and how AI can be deployed.” Among other things, Bain & Company’s Eric Berger shared his thoughts on the absolute minimum that healthcare organizations should be doing when it comes to AI on the latest episode of the Notable Perspectives podcast. Give it a listen:
#19 - Eric Berger: Healthcare’s ‘we’re going to need a bigger boat’ moment
https://simplecast.com
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Sift's Founder & CEO, Justin Nicols, on why takebacks are complex denials -- and where Sift's ML and advanced analytics can help. #hfma #healthcarefinance
One of the largest sources of variation across providers in healthcare reimbursement are Takebacks – instances where payers recoup prior payments following audits. In recent years, healthcare providers have faced a nearly 2X increase in payer takebacks, constituting almost 2% of debit accounts receivable. Here's a look at why takebacks are so challenging for health systems, and how #machinelearning can help. #revenuecyclemanagement
Navigating the Surge in Payer Takebacks
Justin Nicols on LinkedIn
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Sift Healthcare reposted this
From tracking to navigating and reporting, takebacks pose unique challenges for healthcare providers. Their fast rise (up 200%!) means proactively addressing them is essential to protecting reimbursement.
2023 Denials Insights Report from Sift Healthcare
use.sifthealthcare.com