Waystar Shines at the 2025 Stevie® Awards with Multiple Gold Wins
Waystar, a prominent player in healthcare payment solutions, has made headlines by winning multiple Gold Stevie® Awards during the 2025 International Business Awards. This esteemed recognition includes the prestigious title of Healthcare Company of the Year and honors for its AI software platform, Waystar AltitudeAI™. The awards not only highlight the innovative capabilities of Waystar's software but also underscore the substantial impact it has on the efficiency and effectiveness of healthcare payment processes.
In a landscape where the U.S. healthcare sector grapples with over $440 billion in administrative costs annually, effectively managing claim denials and the arduous process of prior authorizations has become paramount. Waystar has positioned itself as a game-changer by leveraging AI across its platform to streamline these processes, driving both automation and accuracy while delivering results at scale. The introduction of Waystar AltitudeAI™ in 2025 marks a significant advancement, offering a comprehensive suite of AI-powered capabilities aimed at elevating productivity in healthcare payments.
In the realm of Denial and Appeal Management, Waystar AltitudeAI™ has achieved an impressive 70% increase in appeal productivity, alongside double-digit improvements in overturn rates. This remarkable efficiency translates into significant operational savings for healthcare providers, equating to the workload capacity of nearly ten full-time employees for a mid-sized health system. Furthermore, the company's strategic growth initiatives have been bolstered by its announcement to acquire Iodine Software, a leader in AI-driven clinical intelligence, further enhancing Waystar's mission to simplify healthcare payment systems.
In addition to AltitudeAI™, Waystar launched Auth Accelerate this year, a solution designed to automate the extensive prior authorization process, which exceeds two billion submissions annually. Auth Accelerate has garnered recognition for its innovation, achieving auto-approval rates exceeding 90%. This remarkable achievement means that healthcare providers can experience efficiencies equivalent to more than a dozen full-time employees, allowing them to refocus their efforts on patient care.
Matt Hawkins, the CEO of Waystar, expressed pride in the company's ability to secure such distinctions, emphasizing the transformative power of AI and advanced automation in healthcare. He noted, "With innovations like Waystar AltitudeAI™ and Auth Accelerate, we demonstrate how AI can deliver strong ROI in healthcare, empowering providers to redirect resources toward patient care."
The Stevie® Awards, which saw more than 3,800 nominations from over 78 countries, are a global testament to business excellence. Judged by a panel of more than 250 executives worldwide, Waystar has successfully solidified its position as an industry leader. This latest success joins other accolades including Forbes' Most Trusted Companies in America and MedTech Breakthrough's top honors for best healthcare payments software platform, along with two Best in KLAS® recognitions.
As a mission-critical software provider, Waystar is dedicated to simplifying the healthcare payment landscape so that providers can prioritize both patient care and financial performance. Serving approximately 30,000 clients representing over 1 million unique providers, including 16 of the top 20 institutions listed in U.S. News Best Hospitals, Waystar's enterprise-grade platform processes over 6 billion healthcare payment transactions each year, encompassing more than $1.8 trillion in annual gross claims and covering approximately 50% of U.S. patients. The company remains resolute in its mission to transform healthcare payments, enabling providers to focus on what matters most: their patients and communities. Discover more about Waystar's innovative journey at waystar.com.
In a landscape where the U.S. healthcare sector grapples with over $440 billion in administrative costs annually, effectively managing claim denials and the arduous process of prior authorizations has become paramount. Waystar has positioned itself as a game-changer by leveraging AI across its platform to streamline these processes, driving both automation and accuracy while delivering results at scale. The introduction of Waystar AltitudeAI™ in 2025 marks a significant advancement, offering a comprehensive suite of AI-powered capabilities aimed at elevating productivity in healthcare payments.
In the realm of Denial and Appeal Management, Waystar AltitudeAI™ has achieved an impressive 70% increase in appeal productivity, alongside double-digit improvements in overturn rates. This remarkable efficiency translates into significant operational savings for healthcare providers, equating to the workload capacity of nearly ten full-time employees for a mid-sized health system. Furthermore, the company's strategic growth initiatives have been bolstered by its announcement to acquire Iodine Software, a leader in AI-driven clinical intelligence, further enhancing Waystar's mission to simplify healthcare payment systems.
In addition to AltitudeAI™, Waystar launched Auth Accelerate this year, a solution designed to automate the extensive prior authorization process, which exceeds two billion submissions annually. Auth Accelerate has garnered recognition for its innovation, achieving auto-approval rates exceeding 90%. This remarkable achievement means that healthcare providers can experience efficiencies equivalent to more than a dozen full-time employees, allowing them to refocus their efforts on patient care.
Matt Hawkins, the CEO of Waystar, expressed pride in the company's ability to secure such distinctions, emphasizing the transformative power of AI and advanced automation in healthcare. He noted, "With innovations like Waystar AltitudeAI™ and Auth Accelerate, we demonstrate how AI can deliver strong ROI in healthcare, empowering providers to redirect resources toward patient care."
The Stevie® Awards, which saw more than 3,800 nominations from over 78 countries, are a global testament to business excellence. Judged by a panel of more than 250 executives worldwide, Waystar has successfully solidified its position as an industry leader. This latest success joins other accolades including Forbes' Most Trusted Companies in America and MedTech Breakthrough's top honors for best healthcare payments software platform, along with two Best in KLAS® recognitions.
As a mission-critical software provider, Waystar is dedicated to simplifying the healthcare payment landscape so that providers can prioritize both patient care and financial performance. Serving approximately 30,000 clients representing over 1 million unique providers, including 16 of the top 20 institutions listed in U.S. News Best Hospitals, Waystar's enterprise-grade platform processes over 6 billion healthcare payment transactions each year, encompassing more than $1.8 trillion in annual gross claims and covering approximately 50% of U.S. patients. The company remains resolute in its mission to transform healthcare payments, enabling providers to focus on what matters most: their patients and communities. Discover more about Waystar's innovative journey at waystar.com.
Topics Health）
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