Waystar Achieves Milestone by Entering the S&P SmallCap 600 Index

In a significant achievement, Waystar Holding Corp. (Nasdaq: WAY), recognized for its innovative healthcare payment solutions, has officially joined the S&P SmallCap 600 Index, effective September 22, 2025. This milestone not only highlights the strength of Waystar's services but also underscores the company’s impressive growth trajectory and commitment to shareholder value.

A Reflection of Success

Matt Hawkins, the CEO of Waystar, commented on the implications of this inclusion, stating, "Our addition to the S&P SmallCap 600 reflects the strength of Waystar's AI-powered software platform and our consistent execution since our IPO." This endorsement by the S&P serves as a testament to the company’s remarkable performance over the past 15 months, where it has successfully maintained double-digit revenue growth while upholding robust profit margins and advancing its innovation strategy.

Waystar’s software platform, crucial for healthcare providers, currently services over one million providers and processes a staggering $1.8 trillion in gross claims annually. The company’s exceptional performance is evidenced by a net revenue retention rate of 115% and a year-over-year increase of up to 15% in its client base. New offerings, such as Waystar AltitudeAI™, exemplify its focus on innovation, providing significant returns on investment for healthcare providers by streamlining operations and enhancing cash flow.

Enhancing Market Presence

The S&P SmallCap 600 Index, managed by S&P Dow Jones Indices, comprises companies that exemplify the performance of U.S. equities within Waystar's scale. Being part of this benchmark is anticipated to expand Waystar’s shareholder base and improve visibility with institutional investors, leading to increased trading liquidity.

Waystar’s platform is purpose-built to enhance healthcare payment processes, enabling providers to concentrate on delivering quality patient care while optimizing financial outcomes. With a portfolio that includes around 30,000 clients, representing over a million healthcare providers, Waystar is integral to the operational fabric of the U.S. healthcare system. Notably, it serves 16 out of the top 20 institutions identified by U.S. News' Best Hospitals list, underscoring its prominence in the industry.

Looking Ahead: The Future of Healthcare Payments

As they continue to evolve, Waystar’s innovations are set to reshape the landscape of healthcare payments. The company aims to empower providers, enabling them to focus on what truly matters—their patients and communities. With the considerable annual transaction volume, including over 6 billion healthcare payment operations, its impact on the healthcare industry is profound.

In conclusion, Waystar's enrollment in the S&P SmallCap 600 is a powerful indicator of its solid foundation and forward-thinking strategy. The integration into this index not only highlights its success but also its potential, setting the stage for future growth and further contributions to the healthcare sector. As Waystar capitalizes on this momentum, stakeholders and investors alike can look forward to a promising future shaped by technology-driven innovations.