Siftwell Analytics, Inc. Company Profile

Background

Overview

Siftwell Analytics, Inc., founded in 2021 and headquartered in Charlotte, North Carolina, is a healthcare predictive analytics company specializing in identifying health plan members at high risk for rising costs, declining health, membership churn, and other critical business concerns. By leveraging machine learning to analyze extensive datasets—including claims, social determinants of health, and related information—Siftwell empowers clients to enhance member health, reduce care costs, improve quality metrics, and increase member retention.

Mission and Vision

Siftwell's mission is to revolutionize community health by providing actionable, data-driven insights that enable proactive interventions and improved health outcomes. The company envisions a healthcare landscape where predictive analytics and artificial intelligence (AI) are integral to personalized, efficient, and equitable care delivery.

Key Strategic Focus

Core Objectives

• Predictive Analytics: Utilizing AI and machine learning to forecast health risks and identify at-risk individuals within health plan memberships.

• Data Integration: Combining diverse datasets, including claims and social determinants of health, to provide comprehensive insights.

• Client Empowerment: Enabling health plans to make informed, proactive decisions that improve member health and reduce costs.

Specialization Areas

• Community Health Plans: Tailoring solutions to meet the unique needs of community-based health organizations.

• Chronic Condition Management: Focusing on major health conditions such as chronic obstructive pulmonary disease (COPD), depression, hypertension, and obesity.

Key Technologies

• Machine Learning Algorithms: Developing proprietary models to analyze and predict health risks.

• Explainable AI: Ensuring transparency in AI-driven insights to facilitate trust and understanding among clients.

Primary Markets

Siftwell currently operates in four states—Idaho, Montana, Wyoming, and North Carolina—with plans to expand into New Jersey and Arizona.

Financials and Funding

Funding History

• Seed Round (March 27, 2023): Raised $1.42 million.

• Seed Round (October 25, 2023): Amount undisclosed.

• Seed Round (February 20, 2024): Raised $5.8 million.

Total Funds Raised

As of February 2024, Siftwell has raised a total of $7.5 million.

Notable Investors

• AlleyCorp

• Arkin Digital Health

• Tau Ventures

• The Charlotte Fund

• NC Idea

Utilization of Capital

The funds are allocated towards team expansion, platform development, and market outreach, aiming to revolutionize equitable care for underserved populations.

Pipeline Development

Key Initiatives

• Platform Enhancement: Advancing AI capabilities and user experience on the Siftwell platform.

• Market Expansion: Extending services to additional states and community health organizations.

• Data Integration: Incorporating more health-related social needs into datasets to enhance actionability.

Anticipated Milestones

• 2025: Completion of platform enhancements and expansion into New Jersey and Arizona.

• 2026: Integration of additional social determinants of health into analytics models.

Technological Platform and Innovation

Proprietary Technologies

• Machine Learning Models: Custom algorithms designed to predict health risks and member churn.

• Explainable AI Frameworks: Ensuring transparency and interpretability in predictive analytics.

Scientific Methodologies

• Data Integration Techniques: Combining claims data with social determinants of health for comprehensive analysis.

• Predictive Modeling: Utilizing statistical methods to forecast health outcomes and risks.

Leadership Team

• Trey Sutten III: Co-Founder, Chief Executive Officer, and Board Member.

• Chuck Hollowell III: Co-Founder, Chief Operating Officer, President, General Counsel, and Board Member.

• Eben Esterhuizen: Co-Founder and Chief Technology Officer.

• Ricardo Patino: Chief Information Security Officer.

• Benjamin Pincus: Head of Finance.

Leadership Changes

As of the latest available information, there have been no recent significant changes or appointments within Siftwell's leadership team.

Competitor Profile

Market Insights and Dynamics

The healthcare predictive analytics market is experiencing rapid growth, driven by the increasing adoption of AI and machine learning to improve patient outcomes and reduce costs. Community health plans, in particular, are seeking innovative solutions to manage member health proactively.

Competitor Analysis

• ForeSee Medical: Based in San Diego, CA, ForeSee Medical offers predictive analytics solutions for healthcare providers, focusing on risk adjustment and quality improvement.

• OneRecord: Headquartered in New York, NY, OneRecord provides a platform for patients to access and manage their health records, emphasizing interoperability and patient engagement.

• Vytalize: Located in Hoboken, NJ, Vytalize is a value-based care platform offering tools for primary care practices to enhance patient outcomes and financial performance.

• Carenostics: Based in Ber