Welcome to our dedicated page for Waystar Holding news (Ticker: WAY), a resource for investors and traders seeking the latest updates and insights on Waystar Holding stock.
Waystar Holding Corp (WAY) delivers cloud-based healthcare payment solutions that streamline billing processes through AI-driven automation. This page aggregates official announcements and market-moving developments for investors tracking this healthcare IT innovator.
Access real-time updates on earnings reports, strategic partnerships, and product enhancements directly from the source. Monitor operational milestones including platform expansions, regulatory compliance achievements, and technology integrations shaping modern healthcare administration.
Key coverage areas: quarterly financial results, client acquisition announcements, software feature updates, and leadership team changes. Our curated news feed provides essential context for understanding Waystar's role in transforming revenue cycle management through advanced automation tools.
Bookmark this page for efficient tracking of Waystar's progress in reducing administrative burdens for healthcare providers via its enterprise-grade payment platform. Stay informed about developments impacting the company's market position in healthcare financial technology.
Waystar Holding Corp. (Nasdaq: WAY) has been recognized as the leading AI-powered software platform by Black Book Market Research™, securing top rankings in eight categories. The recognition comes from an independent survey of over 1,300 healthcare executives evaluating 80 vendors' AI-powered revenue cycle management solutions.
The company dominated in key areas including claim accuracy, operational efficiency, reduction in administrative burden, and patient engagement. Notably, Waystar outperformed competitors, with no other vendor securing more than one top ranking out of the 18 AI categories.
In January, Waystar launched AltitudeAI™, featuring AltitudeCreate™, a pioneering generative AI capability for appealing denied claims. The platform excels in claim management, showing significant improvements in claim rejection rates, clean claim submissions, and reimbursement turnaround time. Additionally, Waystar leads in patient collections and engagement, offering AI-driven tools that enhance payment collection rates while maintaining patient satisfaction.
Waystar Holding Corp. (Nasdaq: WAY) has secured top rankings in multiple 2025 Best in KLAS categories, specifically in Claims Management & Clearinghouse and Patient Access solutions. The recognition is based on independent client feedback and highlights Waystar's excellence in healthcare payment software.
The company's AI-powered platform, driven by Waystar AltitudeAI™, helps healthcare providers optimize revenue cycle workflows by integrating front-end patient access with back-end claims management. In 2024, Waystar demonstrated industry leadership by successfully implementing its Accelerated Implementation Program, which helped onboard over 30,000 providers during a nationwide cyber incident affecting claims processing.
The company's recent achievements include recognition from Forbes' Most Trusted Companies in America, Fortune's Best Workplaces in Health Care, and multiple Gold Stevie® Awards for cloud-based software and AI leadership. This marks over a dozen consecutive years of Waystar being named Best in KLAS.
Waystar Holding Corp. (Nasdaq: WAY), a healthcare payment software provider, has scheduled its Q4 and fiscal year 2024 financial results announcement for February 18, 2025, before market open. The company will host a conference call at 8:30 a.m. Eastern Time on the same day to discuss the results. A live audio webcast will be available on Waystar's investor relations website, with an archived version accessible for those unable to attend the live event.
Waystar (Nasdaq: WAY) has launched Waystar AltitudeAI™, featuring AltitudeCreate™, a groundbreaking generative AI technology designed to automate the appeal process for denied healthcare claims. The innovation aims to help providers recover substantial portions of payments from over 450 million annually denied claims.
The initiative addresses significant challenges in healthcare administration, where $350 billion is lost annually to administrative waste, and hospitals spend $20 billion yearly attempting to overturn denied claims. More than half of denied claims are ultimately overturned, but the process is traditionally time-consuming and error-prone.
Waystar's platform processes over five billion annual transactions for approximately 50% of patients nationwide. The company's AI capabilities are now unified under the Waystar AltitudeAI™ brand, focusing on improving healthcare payment efficiency and accuracy.
Waystar Holding Corp. (Nasdaq: WAY), a leading healthcare payment software provider, has announced its participation in the upcoming 43rd Annual J.P. Morgan Healthcare Conference. CEO Matt Hawkins will deliver a presentation on Monday, January 13, 2025, at 11:15 a.m. PT.
The company will provide real-time access to the presentation through a live webcast on their Investor Relations website. For those unable to attend or watch live, a recording will be made available on the same platform following the event. Interested parties can access the webcast at https://investors.waystar.com/news-events/events.
Waystar Holding Corp. (WAY) announced amendments to its first lien credit agreement, enhancing its financial flexibility and reducing borrowing costs. The company's term loan interest rate has been reduced to adjusted SOFR +2.25% from SOFR +2.75%. Additionally, the revolving credit facility has been expanded to $400 million from $342.5 million, with its interest rate lowered to adjusted SOFR +1.75% from SOFR +2.25%.
These changes follow Waystar's IPO on June 7, 2024, where proceeds were used to reduce debt, and a previous loan repricing on June 27, 2024.
Waystar Holding Corp. (Nasdaq: WAY) has been named one of Forbes' Most Trusted Companies in America, placing among the top 15% of 2,000 evaluated public companies. The recognition was based on four key categories: customer trust, employee trust, investor trust, and media sentiment.
The healthcare payment software provider has demonstrated strong performance in client satisfaction, with 98% of clients rating Waystar's trust delivery as very well or extremely well. The company ranked #1 versus competitors in client satisfaction and product innovation.
In 2024, Waystar has received multiple accolades including Fortune's Best Workplaces in Health Care, the Healthcare Payments Innovation Award from MedTech Breakthrough, and multiple Gold Stevie® Awards for its cloud-based platform and AI leadership. The company serves over 1 million providers through its AI-driven automation and cloud-based software platform.
Waystar Holding Corp (Nasdaq: WAY), a healthcare payment software provider, has announced its participation in two upcoming investor conferences. CEO Matt Hawkins will present at the Evercore ISI HealthCONx Conference on December 4, 2024, at 1:20 p.m. ET, and the Barclays 22nd Annual Global Technology Conference on December 12, 2024, at 11:00 a.m. PT. Both presentations will be available via live webcasts on Waystar's Investor Relations website, with recordings accessible afterward.
Waystar Holding Corp. (Nasdaq: WAY) announced its third-quarter 2024 results, highlighting a 22% year-over-year revenue growth to $240 million, with a net income of $5.4 million and a net income margin of 2%. Non-GAAP net income was $25.3 million, and adjusted EBITDA was $96.7 million, representing a margin of 40%. The company reported a cash flow from operations of $79 million and unlevered free cash flow of $89 million. Key metrics include 1,173 clients contributing over $100,000 in LTM revenue, a 14% increase year-over-year, and a net revenue retention rate of 109%. Subscription revenue grew by 16% to $118 million, while volume-based revenue increased by 28% to $120.7 million. For the fiscal year 2024, Waystar projects total revenue between $926 million and $934 million, adjusted EBITDA between $374 million and $378 million, and non-GAAP net income between $47 million and $50 million.
Waystar Holding Corp. (Nasdaq: WAY), a leading healthcare payment software provider, has announced its plans to release third quarter 2024 financial results on November 6, 2024, after market close. The company will host a conference call at 4:30 p.m. Eastern Time on the same day to discuss the financial outcomes. For those interested in participating, a live audio webcast of the conference call will be accessible through Waystar's investor relations website. Additionally, the webcast will be archived on the site for those unable to attend in real-time, ensuring all stakeholders have access to the information.
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