Lighting the way forward

Waystar is a healthcare payments company that is modernizing revenue cycle management for providers nationwide. Publicly traded on NASDAQ (WAY) and headquartered in Lehi, Utah, and Louisville, Kentucky, Waystar delivers mission-critical software purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize financial performance. Waystar serves more than 30,000 clients representing more than 1 million distinct providers, including 16 of 20 institutions on the U.S. News Best Hospitals list.¹ The enterprise-grade Waystar platform annually processes more than 7.5 billion healthcare payment transactions, including over $2.4 trillion in annual gross claims, spanning approximately 60% of U.S. patients and one in three U.S. hospital discharges. Waystar strives to transform healthcare payments so providers can focus on what matters most: their patients and communities.

¹U.S. News & World Report. Best Hospitals by Specialty (2026)

Waystar (Nasdaq: WAY), a leading healthcare payment software company, was formed in 2017 through the merger of two established healthcare technology companies. Since then, Chief Executive Officer Matt Hawkins has led Waystar to the center of the healthcare payments ecosystem.

The Waystar company overview includes several key milestones: the 2019 acquisition by EQT and CPP Investments, the 2024 initial public offering — the nation’s largest healthcare and software IPO that year — and a series of strategic acquisitions, most recently Iodine Software, which united one of the industry’s largest clinical datasets with the Waystar platform.

Today, Waystar’s AI-powered platform annually processes more than 7.5 billion healthcare payment transactions and more than $2.4 trillion in gross claims, and serves more than 1 million providers 1, including 16 of 20 institutions on the U.S. News Best Hospitals list. Recent recognition includes a place on the TIME100 Most Influential Companies list, the TIME Impact in AI Award 3 for Waystar AltitudeAI™, a Forbes recognition as one of America’s Most Trusted Companies 4, and an overall “A” satisfaction score in KLAS Research’s inaugural Revenue Cycle Management Suites 2026 report⁵.

¹Waystar data
²U.S. News & World Report. Best Hospitals by Specialty. (2026)
³TIME. TIME100 Most Influential Companies. (2026)
⁴Forbes. America’s Most Trusted Companies. (2026)
⁵Best in Klas. Revenue Cycle Management Suites. (2026)

Waystar AltitudeAI™ is infused throughout the Waystar software platform — embedding predictive, generative, and agentic AI directly into revenue cycle workflows to improve productivity and accuracy. Grounded in one of the industry’s largest proprietary healthcare payment datasets, Waystar AltitudeAI™ anticipates challenges and proactively addresses inefficiencies to drive meaningful outcomes. Recent results include more than $15.5 billion in prevented denied claims, a 90% reduction in time spent on denial appeals and recovery, and a 40% higher denial overturn rate.¹ Learn more about Waystar AltitudeAI™ and the Waystar platform.

¹Waystar data.

Waystar revenue cycle management stands apart through a unified, end-to-end platform that simplifies the revenue cycle. In an independent Black Book Market Research™ survey of more than 750 healthcare leaders evaluating 49 RCM vendors, Waystar earned a 9.75 out of 10 composite score across 18 key performance indicators — outpacing the next highest competitor at 8.27 — and nearly 100% of surveyed leaders said they were very likely to renew their Waystar AltitudeAI™ engagements.¹ In KLAS Research’s inaugural Revenue Cycle Management Suites 2026 report, Waystar also earned an overall “A” satisfaction score, with 76%–100% of interviewed deep adopters reporting lower cost to collect and improved collections performance.²

Waystar was further recognized as the top-ranked revenue cycle management-native agentic AI and autonomous revenue cycle platform in Black Book Research’s 2026 State of Health & Hospital Systems Revenue Cycle Management Technology & Services report, which evaluated more than 420 vendors across 49 categories.³

Waystar’s differentiation is also evident in its scale and connectivity: 5,000+ commercial and Medicare/Medicaid payer connections, 500+ EHR and PM system integrations, and one of the industry’s largest proprietary healthcare payment datasets — powering a 98.5% average first-pass clean claim rate and more than $15.5 billion in prevented denials.⁴

¹Black Book Research. Agentic AI in RCM. (2026)
²Best in Klas. Revenue Cycle Management Suites. (2026)
³Black Book Research. 2026 State of Health & Hospital Systems RCM Technology & Services report.
⁴Waystar data.

Waystar supports healthcare organizations across all settings of care — including health systems and hospitals, physician and specialty practices, ambulatory surgery centers, billing services, and clinical laboratories. From single-provider practices to the nation’s largest health systems, organizations of every size optimize their revenue cycle on Waystar AI-powered platform.