Waystar
Founded Year
2000Stage
IPO | IPOTotal Raised
$301.14MDate of IPO
6/7/2024Market Cap
7.09BStock Price
35.85Revenue
$0000About Waystar
Waystar specializes in healthcare revenue cycle management solutions within the healthcare technology sector. The company offers a software platform that supports financial clearance, revenue capture, claim management, and payment management for healthcare providers. Waystar's solutions aim to improve the financial performance of healthcare organizations by using AI and advanced automation to streamline processes and assist with patient financial care. Waystar was formerly known as Navicure. It was founded in 2000 and is based in Louisville, Kentucky.
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ESPs containing Waystar
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The prior authorization software market provides technology solutions to streamline the process of obtaining approval from health insurance plans before providing certain medical services or medications to patients. Companies in this market offer platforms that automate prior authorization workflows, use AI/ML to enable real-time decisions, and integrate into provider and payer systems. Key featur…
Waystar named as Leader among 15 other companies, including Cohere Health, Infinitus Systems, and Thoughtful AI.
Waystar's Products & Differentiators
Prior Authorizations
Powered by Hubble (combination of AI + RPA + Rules Engine), automatically verify, submit, status, and retrieve comprehensive authorization details Strong payer connections, patented technology, and seamless integration allow for real-time auth processing, while providing users key insights to risks Secure and status auth in less than half time of manual efforts. Outcomes include decrease in denied accounts and increase in upfront collections
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Research containing Waystar
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Waystar in 3 CB Insights research briefs, most recently on Oct 28, 2025.
Oct 28, 2025 report
State of Digital Health Q3’25 Report
Sep 22, 2023
The revenue cycle management market mapExpert Collections containing Waystar
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Waystar is included in 3 Expert Collections, including Tech IPO Pipeline.
Tech IPO Pipeline
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Conference Exhibitors
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Digital Health
12,122 items
The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.
Latest Waystar News
Nov 2, 2025
Top News Waystar reports Q3 results: revenue up 12%, EPS $0.17 versus $0.03, beating expectations for both. WAY shares are up 73% since its June 2024 IPO, valuing the company at $7 billion. CEO Matthew Hawkins said in the earnings call that Waystar’s $1.25 billion acquisition of Iodine Software in October 2025 extends its data coverage across all RCM phases and will enable development of AI-based products that autonomously manage revenue cycle functions.
Waystar Frequently Asked Questions (FAQ)
When was Waystar founded?
Waystar was founded in 2000.
Where is Waystar's headquarters?
Waystar's headquarters is located at 9901 Linn Station Road, Louisville.
What is Waystar's latest funding round?
Waystar's latest funding round is IPO.
How much did Waystar raise?
Waystar raised a total of $301.14M.
Who are the investors of Waystar?
Investors of Waystar include CPP Investments, EQT and Bain Capital.
Who are Waystar's competitors?
Competitors of Waystar include Cohere Health, NextGen Healthcare, cliexa, Access Healthcare, Janus and 7 more.
What products does Waystar offer?
Waystar's products include Prior Authorizations.
Who are Waystar's customers?
Customers of Waystar include Atrium.
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Compare Waystar to Competitors
FinThrive focuses on healthcare revenue cycle management technology, providing services that include patient access, charge integrity, claims management, contract management, and revenue recovery, utilizing artificial intelligence, analytics, and automation. The company serves hospitals, health systems, ambulatory and physician practices, payers, life sciences, and other healthcare entities. FinThrive was formerly known as nThrive, Inc.. It was founded in 2016 and is based in Plano, Texas.
Jorie Healthcare Partners provides artificial intelligence (AI)-driven solutions aimed at optimizing healthcare revenue cycles. The company offers automation, AI consulting, and data analytics to assist healthcare organizations in improving their financial efficiency and operations. Jorie Healthcare Partners serves the healthcare sector, with a focus on operational efficiency and financial performance for medical practices and hospitals. It was founded in 2015 and is based in Oak Brook, Illinois.
Inovalon operates in the healthcare industry, offering data-driven, cloud-based solutions. The company provides a platform that integrates national-scale connectivity, primary source data access, and analytics to support clinical outcomes and health economics. Inovalon's services cater to various sectors, including payers, providers, pharmacies, and life sciences organizations, providing tools for revenue cycle management, care quality management, and workforce management. Inovalon was formerly known as MedAssurant. It was founded in 1998 and is based in Bowie, Maryland.
Optum operates as a health solution and care delivery organization focused on providing health care services. The company offers a range of services, including primary care, virtual care, urgent care, and management of medical bills, health savings accounts, and prescriptions. Optum serves individuals, families, providers, organizations, employers, brokers, and consultants in the health care sector. It was founded in 2011 and is based in Eden Prairie, Minnesota.
Notable operates as a company focused on automating healthcare operations through its artificial intelligence (AI) platform. The company offers a suite of services designed to streamline administrative workflows, including registration, scheduling, and care management, by utilizing intelligent agents and customizable automation tools. Notable primarily serves the healthcare industry, providing solutions that aim to improve patient care. It was founded in 2017 and is based in San Mateo, California.
Xevant specializes in pharmacy benefit management (PBM) analytics within the healthcare sector. The company offers a platform that provides real-time data analysis, automated reporting, and actionable insights to manage pharmacy benefits and improve health outcomes. Xevant's solutions are designed to optimize business processes, reduce costs, and enhance client satisfaction for various sectors, including PBMs, TPAs, health plans, and consultants. It was founded in 2017 and is based in Lehi, Utah.
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