Waystar

Processes over 6 billion healthcare payment transactions annually ($1.8 trillion in gross claims), serving more than 30,000 clients and over one million providers—including 16 of the top 20 U.S. News Best Hospitals. The platform leverages proprietary AI to automate workflows such as claim submission, denial prevention/recovery, prior authorization extraction from payer data sets (in partnership with Google Cloud), and analytics/reporting—demonstrating significant efficiency gains for providers. Recent innovations include Altitude AI™ suite and first-to-market generative AI tools that reduce denial appeal times by up to 70%. Recognized as Best Overall Healthcare Payments Solutions Provider by MedTech Breakthrough four years running. Reported $791 million in revenue for FY2023; net loss of $51.3 million. IPO on Nasdaq in June 2025 raised $967.5M at ~$3.5B market cap.