#United States #Waystar #Lehi #Healthcare Payments #MedTech Breakthrough

Waystar Recognized as Top Healthcare Payments Software Platform

Waystar, a key player in healthcare payment software, has been celebrated for its innovative solutions, having recently been named the Best Overall Healthcare Payments Solutions Provider by MedTech Breakthrough. This recognition marks the fourth consecutive year that Waystar has received this honor, a testament to the company's unwavering commitment to transforming healthcare payments and reducing administrative waste within the industry.

Since its inception, Waystar has consistently pushed the boundaries of technology, providing healthcare providers with efficient tools to navigate an increasingly complex payment landscape. The company’s latest achievements include the development of Waystar AltitudeAI™, a cutting-edge suite of artificial intelligence-powered capabilities designed to enhance productivity significantly. The introduction of these advanced AI solutions was showcased at Waystar's Innovation Showcase, proving instrumental in improving operational efficiencies. For instance, Waystar's innovations have resulted in reducing denial appeal times by an astounding 70%, and they have transformed denial-prevention workflows from three days into just three minutes.

In discussing this esteemed recognition, Matt Hawkins, Chief Executive Officer of Waystar, expressed immense pride in their ongoing mission. He stated, “We are honored that MedTech Breakthrough has recognized us for the fourth consecutive year. We are proud to deliver transformational software that empowers more than one million providers nationwide. Our commitment remains firm; we aim to simplify healthcare payments through thoughtful innovation, allowing providers to focus on delivering exceptional patient care.”

This award follows a series of accolades received by Waystar. Recently, the company was ranked as the top healthcare payments solution in eight out of eighteen AI categories by Black Book Market Research™. Additionally, Waystar has been acknowledged by Best in KLAS® in two revenue cycle categories and was also included in Forbes' inaugural list of Most Trusted Companies in America.

The MedTech Breakthrough Awards are conducted by an independent market intelligence organization, recognizing top companies and technologies in the global digital health and medical technology markets. Their mission is to honor excellence and innovation across a variety of health and medical technology categories, including telehealth, patient engagement, and electronic health records (EHRs), among others.

Waystar's mission-critical software is specifically designed to simplify healthcare payments, allowing providers to focus more on patient care and optimize their financial performance. Serving around 30,000 clients, which comprise over a million distinct providers—including 16 out of the top 20 institutions on the U.S. News Best Hospitals list—Waystar's enterprise-grade platform processes over 6 billion healthcare payment transactions annually, covering about $1.8 trillion in annual gross claims and reaching nearly 50% of U.S. patients.

Through these accomplishments, Waystar continues to redefine how healthcare payments are processed, ensuring providers can devote their efforts to what they do best: caring for patients and serving their communities. For more insights on Waystar and its innovative solutions, visit waystar.com. This forward-thinking approach not only highlights the importance of innovation in healthcare but also emphasizes the significant impact technology can have on the overall efficiency and effectiveness of healthcare payment systems.