What You Should Know:
– Siftwell Analytics, a healthcare technology company founded by industry veterans, announced today the successful closing of its seed funding round totaling $5.8M.
– This significant investment, led by AlleyCorp, Arkin Digital Health, Tau Ventures, and The Charlotte Fund, underscores the growing demand for Siftwell’s innovative approach to population health management.
Empowering Community-Oriented Organizations with Explainable AI
Co-founded in 2022 by Trey Sutten, Chuck Hollowell, and Eben Esterhuizen, Siftwell Analytics leverages causal and explainable AI to provide community-oriented organizations with actionable insights into the needs of their populations. Siftwell goes beyond simply identifying high-risk individuals. Their platform offers specific, actionable insights that enable population health & quality teams to:
– Prioritize outreach and interventions: Focus resources on the members who need them most effectively.
– Understand individual needs: Pinpoint the specific factors impacting member health, enabling targeted interventions.
– Improve member health outcomes: Ultimately, help members achieve better health and well-being.
Expansion Plans
Specifically, the investment will fuel:
– Team expansion: Hiring top talent to enhance product development, data science, and customer support.
– Platform development: Further refining the AI capabilities and user experience of the Siftwell platform.
– Market expansion: Bringing Siftwell’s solutions to a wider range of community-oriented health organizations.
“We are delighted to have the support of our investors, enabling us to bring Siftwell’s vision to life,” said Trey Sutten, CEO & Co-Founder of Siftwell. “This funding will propel us towards a future of equitable care for underserved and vulnerable populations by partnering with community-based health plans. Our technology harnesses the power of AI and merges it with our proprietary datasets, enabling our health plan partners to peer into the future and pinpoint members at risk. We’re not only accurately predicting the future; we’re giving our partners the ability to make data-driven decisions with enough advanced notice to make a difference. What’s more is that we’re doing all of this in a way that community health plans can process and implement, in the context of their resources and operating parameters that we know from our own personal and professional experience.”