Waystar Named Healthcare Company of the Year and Top-Ranked AI Software Platform in the 2025 Stevie® Awards
Rhea-AI Summary
Waystar (Nasdaq: WAY), a healthcare payment software provider, has secured multiple Gold Stevie® Awards in 2025, including Healthcare Company of the Year and Top-Ranked AI Software Platform for Waystar AltitudeAI™. The company's Auth Accelerate solution achieved industry-leading auto-approval rates exceeding 90% for prior authorizations.
Waystar AltitudeAI™, launched in 2025, has demonstrated significant impact with a 70% increase in appeal productivity and efficiency gains equivalent to 10 full-time employees for mid-size health systems. The company also announced plans to acquire Iodine Software to enhance its AI capabilities in clinical intelligence.
Positive
- Achieved over 90% auto-approval rates for prior authorizations through Auth Accelerate
- 70% increase in appeal productivity through Waystar AltitudeAI™
- Strategic acquisition of Iodine Software to expand AI capabilities
- Multiple prestigious awards including Healthcare Company of the Year
- Efficiency gains equivalent to 10+ full-time employees for healthcare systems
Negative
- None.
News Market Reaction – WAY
In the Aug 26 session, WAY gained 3.51%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Recognitions underscore breakthrough innovations, meaningful client outcomes at scale, and leadership driving healthcare's AI transformation
The
In 2025, Waystar launched Waystar AltitudeAI™, a comprehensive suite of AI-powered capabilities that elevate productivity and accuracy in healthcare payments. In Denial and Appeal Management, Waystar AltitudeAI™'s industry-first capabilities have driven a
Waystar also debuted Auth Accelerate in 2025, which earned multiple recognitions for innovation and client outcomes. Addressing the more than two billion prior authorizations occurring annually, the solution automates end-to-end submissions and achieves industry-leading auto-approval rates of over
"Waystar is honored to receive top distinctions for technology leadership in AI transformation," said Matt Hawkins, Chief Executive Officer of Waystar. "With innovations like Waystar AltitudeAI™ and Auth Accelerate, we show how AI and advanced automation deliver strong ROI in healthcare—empowering providers to redirect resources toward patient care."
The Stevie® Awards, judged by more than 250 executives worldwide from a record 3,800 nominations, add to Waystar's growing national recognition. Recent accolades include Forbes' Most Trusted Companies in America, MedTech Breakthrough's top healthcare payments software platform, and two Best in KLAS® honors.
The International Business Awards are the world's premier business awards program. All individuals and organizations worldwide, including public and private, for-profit and non-profit, large and small, are eligible to submit nominations. The 2025 International Business Awards received nominations from organizations and individuals in 78 nations and territories.
About Waystar
Waystar's mission-critical software is purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize their financial performance. Waystar serves approximately 30,000 clients, representing over 1 million distinct providers, including 16 of 20 institutions on the
Media Contact
Kristin Lee
kristin.lee@waystar.com
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SOURCE Waystar