Full-Time

Market Development Representative

Posted on 11/18/2024

Waystar

Waystar

501-1,000 employees

Healthcare payment technology and financial solutions

Enterprise Software
Financial Services
Healthcare

Entry

Louisville, KY, USA

Category
Inside Sales
Sales & Account Management
Required Skills
Sales
Lead Generation
Requirements
  • Recent college graduate
  • Strong customer relationship skills
  • Excellent verbal and written communication skills
  • Passionate about building a successful career in sales
  • Proven history of leadership roles (classroom; internships; extracurricular activities)
  • Outgoing and a self-starter with strong organizational skills
  • Ability to maintain a professional appearance and present a positive company image
Responsibilities
  • Train and become highly knowledgeable of our products, operations, and industry
  • In-depth understanding of sales and sales techniques
  • Generate leads, prospect potential customers, and close new accounts
  • Prepare action plans and schedules to achieve specific targets in an activity sales model
  • Follow-up on new leads and referrals resulting from marketing activities
  • Prepare presentations, proposals and sales contracts
  • Build and manage relationships at all appropriate levels of accounts
  • Communicate new product, service, initiative, and relevant information to new accounts
  • Manage and oversee multiple daily sales tasks
  • Establish territory strategy to improve market penetration
  • Keep abreast of competitor's strengths and weaknesses
  • Complete other responsibilities and functions as assigned

Waystar simplifies healthcare payments through its cloud-based platform. This platform helps healthcare providers manage their financial workflows more efficiently and enhances the overall financial experience for patients. It is utilized by over 450,000 providers, 750 health systems and hospitals, and 5,000 health plans, and it seamlessly integrates with all major healthcare information systems (HIS) and practice management systems. Unlike many competitors, Waystar focuses on unifying various payment processes into a single platform, making it easier for providers to handle their financial operations. The goal of Waystar is to bring clarity and efficiency to healthcare payments, benefiting both providers and patients.

Company Stage

IPO

Total Funding

$57.5M

Headquarters

Louisville, Kentucky

Founded

2000

Simplify Jobs

Simplify's Take

What believers are saying

  • Waystar's successful IPO, raising $968 million, provides significant capital for growth and innovation.
  • Credit rating upgrades from Fitch, Moody's, and S&P Global enhance Waystar's financial stability and attractiveness to investors.
  • Partnerships with major EHR providers like Meditech expand Waystar's market reach and operational capabilities.

What critics are saying

  • The healthcare payments sector is highly competitive, requiring continuous innovation to maintain market leadership.
  • Dependence on the U.S. healthcare system's administrative expenses could pose risks if regulatory changes occur.

What makes Waystar unique

  • Waystar's platform integrates with all major HIS and practice management systems, offering unparalleled compatibility in the healthcare payments sector.
  • The company's use of AI and proprietary algorithms to streamline payment workflows and improve financial accuracy sets it apart from competitors.
  • Waystar's consistent recognition, such as winning the 'Healthcare Payments Innovation Award' for three consecutive years, underscores its leadership in healthcare payment technology.

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Benefits

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.