Sift Healthcare, a revenue cycle intelligence company, has received a $1 million investment from Winnebago Seed Fund and additional investors including Wind River Financial, a Madison-based payment processing company.
The company, formerly known as SiftMD, will forge 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. Sift Healthcare’s primary investor, the Winnebago Seed Fund, is a venture capital fund based in Neenah, Wisconsin, with an emphasis on seed investments in startup companies focused in the Fox Valley region; and secondarily, throughout Wisconsin.
“With adequate funding and strong partnerships, Sift Healthcare is prepared to help healthcare providers and revenue cycle vendors differentiate and work smarter — not harder,” says Justin Nicols, founder and chief executive officer for Sift Healthcare. “There has never been more need to find better ways to address the growing complexity of the reimbursement process sand rising patient payments.”
Read the full release here.