Milwaukee-based Sift Healthcare, a data science company that helps health care providers receive increased patient payment and payer reimbursement, has closed a $9 million Series A funding round. The round was led by Allos Ventures and First Trust Capital Partners. The Winnebago Seed Fund is one of several early investors in the company.
Sift, founded in 2017, helps health care organizations leverage their data to protect their margins and accelerate cash flow. This financing supports the company’s accelerating sales of its denials management and patient payment solutions and the launch of its mid-cycle denials prevention solution.
Sift also completed a $2.5 million funding round last May. That funding was used to help the company build its data analytics and data engineering teams.