# Waystar

> Waystar is a Louisville-based healthcare payments software company whose cloud platform helps hospitals, health systems and physician practices get paid faster and with fewer errors. It handles the unglamorous machinery of the revenue cycle - checking insurance eligibility, submitting and correcting claims, fighting denials, and collecting from patients - for more than a million providers, touching roughly half of all patients in the United States. In 2024 it went public on Nasdaq under the ticker WAY, and it now leans heavily on AI and automation to attack the billions of dollars lost each year to administrative waste and denied claims.

- **Founded:** 2017
- **Headquarters:** Louisville, Kentucky, United States
- **Founders:** Jim Denny (Founder of Navicure (predecessor)), Jerry Shultz (Co-founder of ZirMed (predecessor))
- **Team size:** ~1,700-2,000 employees
- **Products:** Waystar Software Platform, AltitudeAI, AltitudeCreate, AltitudeAssist, AltitudePredict
- **Notable:** Completed a ~$968M Nasdaq IPO in June 2024, valued near $3.7B, Grew from ~$60M in revenue at merger to over $1B in projected 2025 revenue, Named to TIME100 Most Influential Companies and won the TIME Impact in AI Award

## Products & services

- **Waystar Software Platform** — Cloud-based revenue cycle management platform unifying financial clearance, revenue capture, claim management, payment management, and denial prevention and recovery for providers.
- **AltitudeAI** — A suite of AI and generative-AI capabilities built on Waystar's data network to simplify healthcare payments across the platform.
- **AltitudeCreate** — Generative AI that automatically drafts content such as denial appeal letters using Waystar's data network.
- **AltitudeAssist** — An AI-powered assistant that automates revenue cycle workflows so staff can increase output.
- **AltitudePredict** — Predictive analytics that forecast outcomes to combat denials and accelerate payments.
- **Financial Clearance** — Eligibility verification, prior authorization automation, coverage detection, patient estimation and charity screening.
- **Claim & Payment Management** — Claims submission and monitoring, remit and deposit management, patient payments, and reporting across payers.

## Achievements

- Completed a ~$968M Nasdaq IPO in June 2024, valued near $3.7B
- Grew from ~$60M in revenue at merger to over $1B in projected 2025 revenue
- Named to TIME100 Most Influential Companies and won the TIME Impact in AI Award
- Named on Forbes' Most Trusted Companies in America
- Named Healthcare Company of the Year and top-ranked AI software platform in the 2025 Stevie Awards
- More than a decade of Best in KLAS wins
- Processes 6+ billion transactions and nearly $1 trillion in claims annually

## Latest updates

- **2025-05** — Introduced AI-powered denial prevention and reimbursement recovery innovations at its Spring Showcase, advancing the 'autonomous revenue cycle.'
- **2025-01** — Launched the AltitudeAI suite - AltitudeCreate, AltitudeAssist and AltitudePredict - to embed generative AI and automation across the platform.
- **2024-06** — Went public on Nasdaq under ticker WAY, raising roughly $968M.

## Links

- Website: https://waystar.com
- LinkedIn: https://www.linkedin.com/company/waystar
- Twitter/X: https://twitter.com/Waystar
- YouTube: https://www.youtube.com/c/Waystar
- Facebook: https://facebook.com/waystarrct/

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Profile page: https://yespress.io/waystar
Published by YesPress — https://yespress.io
Last updated: 2026-08-12