Waystar, Inc.

Waystar, Inc. is a provider of healthcare payments software, dedicated to simplifying and improving the healthcare revenue cycle for providers, patients, and payers. Established from the merger of several healthcare technology companies, Waystar leverages advanced algorithms and AI to automate and enhance payment-related workflow tasks. The company serves a diverse client base that includes physician practices, clinics, surgical centers, laboratories, and large hospitals. 

Product Breakdown

Waystar offers a comprehensive suite of revenue cycle management solutions. Their platform includes tools for claim management, which automates the submission, monitoring, and follow-up of claims to ensure accurate and timely reimbursement. The payment management module focuses on optimizing the reimbursement process from payers and patients, including electronic remittance advice and payment posting. Denial prevention and recovery tools help identify and address reasons for claim denials, improving overall revenue capture. The platform also features analytics and reporting capabilities, providing actionable insights to enhance operational efficiency and financial performance. Additional services include eligibility verification, patient estimation, charity screening, and coverage detection, all designed to streamline administrative tasks and improve patient financial interactions