What Does Parasail Health Do?

Total employees75
HeadquartersMilwaukee
Founded2014

Parasail Health, which rebranded to Sift Healthcare in March 2023, is a company focused on improving the healthcare payments experience for both patients and providers. Initially, Parasail Health aimed to make healthcare more affordable through patient financing options and transparent billing. As Sift Healthcare, the company leverages artificial intelligence (AI) and machine learning to provide advanced revenue cycle management (RCM) solutions. Their platform offers data-driven insights, automates payment workflows, and enhances patient financial engagement, helping healthcare organizations reduce bad debt, improve collection rates, and streamline operations. The core mission is to bring greater clarity, efficiency, and intelligence to healthcare payments.

Where Is Parasail Health's Headquarters?

HQ Function

The Milwaukee headquarters serves as the central hub for all company operations, including research and development of its AI-powered platform, software engineering, sales, marketing, customer support, and corporate administration.

Notable Features:

Likely a modern office space within a commercial district, designed to foster collaboration and innovation, equipped with facilities to support a technology-driven workforce. Specific architectural details are not widely publicized.

Work Culture:

The work culture is characterized by innovation, collaboration, and a mission-driven focus on solving complex challenges in healthcare finance. As a health-tech company, it likely promotes agility, continuous learning, and a data-centric approach to problem-solving.

HQ Significance:

This location is significant as the epicenter of Sift Healthcare's efforts to develop and deploy cutting-edge AI solutions for the U.S. healthcare payments industry, supporting its growth and market presence.

Values Reflected in HQ: The headquarters likely reflects company values such as innovation, efficiency, transparency, and a commitment to improving the healthcare financial experience through technology.

Location:

Parasail Health (now Sift Healthcare) primarily focuses its operations and services within the United States healthcare market. Its solutions are tailored to the specific regulatory and financial complexities of the U.S. system. While its technology may be accessible globally, its direct sales, support, and operational infrastructure are concentrated in the U.S.

Street Address:

825 N Water St, Ste 200

City:

Milwaukee

State/Province:

Wisconsin

Country:

USA

Where Else Does Parasail Health Operate Around the World?

No additional office locations available.

Buying Intent Signals for Parasail Health

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Parasail Health? Meet the Executive Team

As of April 2025, Parasail Health' leadership includes:

Justin Nicols - Founder & Chief Executive Officer
Mark Rieger - Chief Technology Officer
Kendall Warner - Chief Customer Officer

Who's Investing in Parasail Health?

Parasail Health has been backed by several prominent investors over the years, including:

Resolve Growth Partners
Bonfire Ventures
Madrona Venture Group
LVP
GrapeArbor Ventures
TitletownTech
HealthX Ventures
NFL Players Association

What Leadership Changes Has Parasail Health Seen Recently?

Hire0
Exits0

No major publicly announced C-suite hires or exits for Parasail Health (now Sift Healthcare) have been identified in the last 12-18 months. The executive leadership team appears to be stable following the rebrand and recent funding.

What Technology (Tech Stack) Is Used byParasail Health?

Discover the tools Parasail Health uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Parasail Health Email Formats and Examples

For Sift Healthcare (formerly Parasail Health), email formats likely follow common corporate patterns. Based on available data and industry conventions, one of the probable formats is [first_initial][last]@sift.health. The domain used is sift.health following their rebrand.

[first_initial][last]@sift.health

Format

jdoe@sift.health

Example

85%

Success rate

What's the Latest News About Parasail Health?

PR Newswire • September 26, 2023

Sift Healthcare Announces Strategic Growth Investment from Resolve Growth Partners

Sift Healthcare, the AI-powered healthcare payments company (formerly Parasail Health), announced a significant strategic growth investment led by Resolve Growth Partners. This funding aims to accelerate Sift's product development, expand its team, and scale its go-to-market efforts....more

Sift Healthcare Blog • March 7, 2023

Parasail Health is Now Sift Healthcare

Parasail Health officially announced its rebrand to Sift Healthcare. The new name and brand identity reflect the company's evolution and focus on leveraging data science and AI to bring clarity and intelligence to healthcare payments....more

Business Wire • October 16, 2019

Parasail Health Closes New Financing to Help More Patients Afford Medical Bills

Parasail Health announced it closed a new round of financing to expand its patient financing solutions. The funding was aimed at helping more patients manage and afford their out-of-pocket medical expenses through flexible payment plans....more

Highperformr's free tools for company research

Explore Employees by Region or Country

See where a company’s workforce is located, by country or region.

View Funding Details

View past and recent funding rounds with amounts and investors.

Understand Revenue Insights

Understand company revenue estimates and financial scale.

Track Active Job Openings

Track active roles and hiring trends to spot growth signals.

Review Product and Offerings

Discover what a company offers—products, platforms, and solutions.

Get SIC or NAICS Codes

Get the company’s official SIC and NAICS classifications.

Analyze Website Traffic Trends

Analyze visitor volume, engagement, and top traffic sources.

Discover Social Profiles and Engagement

Explore LinkedIn, Twitter, and other active social profiles.

Identify Top Competitors

Identify top competitors based on similar business traits.

Research and Discover Companies with Highperformr — Smarter, Faster

Explore companies in depth — from the tech they use to recent funding, hiring trends, and buyer signals — all in one powerful view.

Highperformr AI helps you surface the right accounts and enrich your CRM with verified company and contact insights, so your teams can prioritize and engage faster.

  • Track intent signals to find buyers who are actively in-market
  • Enrich contacts and companies instantly, no need to switch tools
  • Automate workflows to stay ahead of every change
  • Connect your CRM & tools for seamless data sync and activation

Thousands of companies, including Parasail Health, are just a search away.