Full-Time
Confirmed live in the last 24 hours
Healthcare payment technology and financial solutions
Expert
Louisville, KY, USA + 2 more
More locations: Atlanta, GA, USA | Lehi, UT, USA
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Waystar simplifies healthcare payments through its cloud-based platform, which helps healthcare providers manage their financial workflows more efficiently. The platform integrates with major health information systems (HIS) and practice management systems, allowing over 450,000 providers, 750 health systems, and 5,000 health plans to streamline their payment processes. Unlike many competitors, Waystar focuses on enhancing transparency in the patient financial experience, making it easier for patients to understand their costs. The company's goal is to improve the financial operations of healthcare providers while ensuring a clearer financial experience for patients.
Company Size
501-1,000
Company Stage
IPO
Total Funding
$57.5M
Headquarters
Louisville, Kentucky
Founded
2000
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401(k) matching: We’re proud to help our team members build their financial futures with a range of investment options available.
Career mobility: We’re all about professional growth. In 2018, roughly 15% of our team members stepped into a new role within the company.
Waystar welcome: Our weeklong onboarding program positions introduces our company and leadership team and positions every new hire for success.
Family friendly: Waystar offers paid leave for maternity, paternity and adoption and prioritizes work-life balance for all team members.
LEHI, Utah, and LOUISVILLE, Ky., Feb. 18, 2025 /PRNewswire/ -- Waystar Holding Corp. (Nasdaq: WAY), a provider of leading healthcare payment software, a provider of leading healthcare payments software, today announced a proposed underwritten public offering of 18,000,000 shares of its common stock being offered by certain investment funds of EQT AB, Canada Pension Plan Investment Board, Bain Capital, LP, and their respective affiliates (collectively, the "Selling Stockholders"). Additionally, the Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to 2,700,000 additional shares of common stock. Waystar will not receive any proceeds from the sale of shares in the offering by the Selling Stockholders.The offering is being made through an underwriting group led by J.P. Morgan, Goldman Sachs & Co
Fiscal year 2024 revenue of $944M, up 19% YoY. Q4 revenue growth of 18% year-over-year. Q4 net income of $19.1 million and non-GAAP net income of $52.1 million
Black Book Market Research™ survey of more than a thousand healthcare leaders ranked Waystar #1 in eight categories, more than any other RCM vendorLEHI, Utah and LOUISVILLE, Ky., Feb. 13, 2025 /PRNewswire/ -- Waystar Holding Corp. (Nasdaq: WAY), a provider of leading healthcare payment software, today announced that it was named by Black Book Market Research™ as the industry's leading AI-powered software platform. Waystar earned #1 rankings in eight key categories, including claim accuracy, operational efficiency, reduction in administrative burden, and patient engagement. The independent survey assessed AI-powered revenue cycle management solutions from 80 vendors, gathering insights from more than 1,300 healthcare executives and technology decision-makers.Waystar ranked as the #1 healthcare payments solution in eight out of 18 AI categories — more than any other vendor, none of which secured more than one top ranking. As Black Book™ highlighted in its report, "Waystar showed dominant performance in claims submission, denial reduction, and reimbursement turnaround time, cementing its role as a leader in financial accuracy and efficiency.""We are grateful for the trust healthcare providers place in our AI-powered software platform, which has been central to our innovation strategy for nearly a decade," said Matt Hawkins, Chief Executive Officer of Waystar
Waystar announced the launch of Waystar AltitudeAI(TM), a comprehensive set of AI capabilities for providers, including AltitudeCreate(TM), a new generative AI innovation focused on appealing denied claims.
What You Should Know:– Waystar (Nasdaq: WAY), a provider of leading healthcare payment software, today announced the launch of Waystar AltitudeAI™, a comprehensive set of AI capabilities for providers, including AltitudeCreate™, a new generative AI innovation focused on appealing denied claims.– By autonomously generating appeal letters, Waystar aims to help providers recover a substantial portion of payments tied to more than 450 million annually denied claims, ultimately enabling faster and more accurate healthcare payments.Waystar: Revolutionizing Healthcare Payments with AI-Powered SolutionsWaystar’s mission-critical software is designed to simplify healthcare payments, enabling providers to prioritize patient care and optimize financial performance. Serving approximately 30,000 clients, including 16 of the top 20 institutions on the U.S. News Best Hospitals Honor Roll, Waystar represents over 1 million distinct providers. Its enterprise-grade platform processes more than 5 billion healthcare payment transactions annually, handling over $1.2 trillion in gross claims and impacting approximately 50% of U.S. patients.The U.S. healthcare system loses an estimated $350 billion annually to administrative waste, with hospitals and health systems spending $20 billion annually on denied claims—a growing challenge linked to reduced access to care and lower patient satisfaction