Expansion Funds for Healthcare Data Science Firm Sift

In the US, healthcare payments analytics and data science company Sift Healthcare has raised $2.8m in a new funding round, which it will use to expand its data science and engineering teams.

Founded in 2017, Milwaukee-based Sift uses AI and machine learning to personalize patient collections strategies, and improve revenue cycle efficiency. The firm combines insurance payer and patient payment data to provide a holistic view of healthcare payments. Users can uncover new insights around patient populations, monitor geographic impact, track utilization trends and identify target markets.

Around two thirds of the new funding came from Rock River Capital Partners and the Winnebago Seed Fund. Justin Nicols (pictured), Sift's founder and CEO, comments: 'We are honored to have committed investors who recognize the timely opportunity to innovate in the healthcare payments space. I am particularly proud that our investors are Wisconsin-based and committed to growing tech companies within our state'.

Web site: www.sifthealthcare.com .