About Waystar
Waystar is a publicly listed company based in Duluth (United States) founded in 2000, and was acquired by EQT in July 2019. It operates as a cloud-based healthcare revenue cycle management solutions are provided. It operates in the Healthcare and Technology sectors. Waystar has completed 8 acquisitions, including Connance, Digitize.AI and HealthPay24. Its website waystar.com draws about 191 thousand monthly visits. Waystar offers products and services including Waystar Platform, Financial Clearance, Revenue Capture, and Claim Management. Its focus areas include HealthTech, Healthcare IT, Provider and Administrative Solutions. Its competitors include iMedX, Xifin, Infinx, AKASA and Plusgrade and 3 more; 6 of its 8 listed competitors have raised funding.
Company details
Waystar was formed in 2000 via the merger of Navicure and ZirMed, with headquarters in Duluth, United States. Software for revenue cycle management in the healthcare sector is offered, automating accounts receivables processes such as claims management, patient eligibility verification, remittance and denial handling, secondary claims filing, appeals, posting, reporting, analysis, and payment collections. Predictive analytics are employed to derive insights, support population health, streamline workflows, and boost operational efficiencies.
Products & Services of Waystar
Waystar offers a comprehensive portfolio of products and services, including Waystar Platform, Financial Clearance, Revenue Capture, and Claim Management.
AI-powered system for managing healthcare finances and claims
Services for insurance eligibility and patient estimation processes
Tools to identify and collect owed healthcare revenue
Platform for monitoring and handling insurance claims
Apps and channels of Waystar
its YouTube channel Waystar has 311 subscribers and 30 videos.
Videos from Waystar
The most watched videos on Waystar's YouTube channel, Waystar (311 subscribers). Click a video to play it here.
More on Waystar.
Funding Insights of Waystar
- Total Rounds 1
- Investors Count 2
All 1 funding rounds of Waystar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2016 | – | Private Equity Round | – | – |
4 investors in total: 4 institutional.
Investors in Waystar
Waystar has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include EQT, CPP Investments and Bain Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
EQT is recognized as a global investment organization focused on value creation. | 1994 | eqtgroup.com | Stockholm, Sweden | |
- | – | baincapital.com | - | |
- | – | baincapitalprivateequity.com | - | |
Pension fund assets are managed for sustainable long-term growth. | 1997 | cppinvestments.com | Toronto, Canada |
Investor details for Waystar
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People of Waystar
438 people are tracked at Waystar (160 in leadership, 9 in board & advisors, 269 in team).
| Name | Role | Group |
|---|---|---|
Craig Bridge | Chief Transformation Officer | Leadership |
Missy Miller | Chief Marketing Officer | Leadership |
Robert Boyd | Director Of Growth Enablement & Coaching | Leadership |
Andrew Tinajero | VP, Enterprise Client Operations | Leadership |
Robin Raye | Director Of Customer Education | Leadership |
Sue Dooley | Vice President, Investor Relations | Leadership |
Parisa Stein | Director, Solution Adoption | Leadership |
Stephanie Minic | Regional Vice President Of Ambulatory Sales | Leadership |
Joe Bohn | Director, Ambulatory Sales | Leadership |
Logan Bachus | Regional Director | Leadership |
Alexander Walker | Strategic Partner Support Manager | Leadership |
Matthew Blake | Director, Accounting | Leadership |
Melissa Mobley | Vp, Commercial Enablement + Talent | Leadership |
Paige Outlaw | Regional Director | Leadership |
Tim Dawson | Regional Director | Leadership |
Lori Anderson | Director, Channel Partners | Leadership |
Ryan Kreais | Vice President, Commercial Strategy And Optimization | Leadership |
Miso Pederson | Strategic Partner, New Business Executive | Leadership |
Michael Weiner | Regional Director | Leadership |
Bill Remington | Director Business Analytics And Performance | Leadership |
418 more people are available in the full profile.
Complete people profiles for Waystar
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IPO & Listings of Waystar
Waystar is a publicly listed company on the NASDAQ with ticker symbol WAY in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date07 Jun 2024
- Listed onNASDAQ: WAY
- Listed entityWaystar Holding Corp.
- Exchange sectorTechnology services
- ISINUS9467841055
- Share price$26.30 (-1.31% on the day) · 2026-10-13
- Market capitalisation$5.04B
- Price to earnings37.4
- EPS (diluted, trailing year)$0.70
- Volume (last session)1,343,080
Financials of Waystar
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $1.10B | $112.1M | $418.2M |
| 2024 | $943.5M | -$19.1M | $327.5M |
| 2023 | $791.0M | -$51.3M | $324.9M |
| 2022 | $704.9M | -$51.5M | $287.5M |
| 2021 | $578.6M | -$47.1M | $247.7M |
Detailed financial statements for Waystar
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Investments & Acquisitions by Waystar
Waystar has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Connance, Digitize.AI and HealthPay24.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
AI-based clinical documentation integrity and revenue management solutions are provided. | iodinesoftware.com | Austin, United States | 2010 | Jul 2025 | $1.25B | |
Patient payment management software is provided for hospitals. | healthpay24.com | Mechanicsburg, United States | 2001 | Aug 2023 | •••• | |
SaaS-based payment solutions are offered to healthcare organizations. | patientco.com | Atlanta, United States | 2008 | Jul 2021 | •••• | |
RCM solutions are provided to healthcare providers by eSolutions. | esolutionsinc.com | Franklin Square, United States | 1999 | Aug 2020 | •••• | |
Cloud-based revenue cycle management is delivered to healthcare providers. | recondotech.com | Greenwood Village, United States | 2006 | Dec 2019 | •••• | |
Prior authorization solutions are provided for healthcare professionals. | digitize.ai | Charlotte, United States | 2017 | Jul 2019 | •••• | |
RCM platform is provided for financial assistance processes. | paroscore.com | Fort Lauderdale, United States | 2005 | Jun 2019 | •••• | |
Cloud-based predictive analytics for revenue cycle and population health workflow optimization | connance.com | Waltham, United States | 2007 | Sep 2018 | •••• |
Complete acquisition details for Waystar
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Timeline of Waystar
12 dated milestones of Waystar across 25 years, from founding to its latest funding, stage changes and deals.
- Founded Waystar is founded.
- Funding First funding round.
- Acquisition Acquires Connance.
- Acquisition Acquires PARO.
- Acquisition Acquires Digitize.AI.
- Exit Acquired by EQT.
- Acquisition Acquires Waystar.
- Acquisition Acquires eSolutions.
- Acquisition Acquires Patientco.
- Acquisition Acquires HealthPay24.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Iodine Software.
Competitors of Waystar
Waystar has 8 listed competitors in our database, 6 of them funded. They include iMedX, Xifin, Infinx, AKASA and Plusgrade, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| imedx.com | 2002 | Atlanta, United States | $22.28M | 951 | Revenue cycle management platform is provided to healthcare providers. | |
| xifin.com | 1997 | San Diego, United States | $6M | 861 | Cloud-based billing & revenue cycle management solutions for diagnostic service providers | |
| infinx.com | 2010 | San Francisco, United States | – | 6,350 | Revenue cycle management platform for healthcare is provided. | |
| akasa.com | 2018 | San Francisco, United States | $80M | 46 | Revenue cycle automation platforms are provided for healthcare reimbursement. | |
| plusgrade.com | 2009 | New York, United States | $150.67M | – | SaaS revenue management solutions are offered to airlines for optimization. | |
| r1rcm.com | 2003 | Chicago, United States | – | 16,445 | End-to-end revenue cycle management is provided for healthcare organizations. | |
| rategain.com | 2004 | London, United Kingdom | $64.87M | 12 | SaaS solutions for hospitality revenue and operations management are delivered. | |
| volantio.com | 2008 | Atlanta, United States | $9.35M | 13 | AI-enabled inventory optimization and e-commerce solutions for airlines are provided. |
Detailed competitors of Waystar
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Web traffic of Waystar
The website of Waystar (waystar.com) receives about 191K visits a month and ranks #336,950 among all websites worldwide, #11,922 in Health.
- Monthly visits191K
▲ 27.9% vs previous month
- Unique visitors52.2K
per month
- Global rank#336,950
among all websites
- Category rank#11,922
Health · Health
- Bounce rate44%
- Pages per visit1.9
- Average visit2 min 16 sec
- DevicesDesktop 88% · Mobile 12%
Websites whose visitors overlap most with Waystar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| availity.com | 100% | 8.5M | #4,842 | View details | |
| uhcprovider.com | 96% | 4.4M | #13,725 | View details | |
| trizettoprovider.com | 86% | 34.9K | #1,048,888 | View details | |
| rxnt.com | 76% | – | #77,058 | View details | |
| drchrono.com | 75% | 1.2M | #17,952 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 36 similar websites and full traffic analytics for Waystar
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- 36 similar websites
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Top companies in Clinical IT & Data Platforms
10 companies that operate in the same segment as Waystar (Clinical IT & Data Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 716.99 M | – | 1,832 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | 1,746 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 473.73 M | – | 3,902 | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, Ile de France, France | USD 863.12 M | – | 1,606 | |
Virtual care programs for managing chronic diseases are provided. | 2011 | San Francisco, California, United States | USD 450.12 M | USD 260.21 M | 992 | |
AI-driven EMR and practice management software is delivered for clinics. | 2010 | Boca Raton, Florida, United States | USD 329.17 M | – | 2,470 | |
Cloud-based administrative tools for healthcare providers are offered. | 1997 | Watertown, United States | USD 40 M | – | – | |
Membership-based primary care platform is offered for employees and consumers. | 2007 | San Francisco, California, United States | USD 402.56 M | – | – |
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Related news about Waystar
Complete news archive for Waystar
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Frequently Asked Questions about Waystar
Waystar was founded in 2000 and raised its 1st funding round 16 years after it was founded.
Waystar is headquartered in Duluth, United States.
Annual revenue of Waystar is $1.1B as on Dec 31, 2025.
Waystar was formed in 2000 via the merger of Navicure and ZirMed, with headquarters in Duluth, United States. Software for revenue cycle management in the healthcare sector is offered, automating accounts receivables processes such as claims management, patient eligibility verification, remittance and denial handling, secondary claims filing, appeals, posting, reporting, analysis, and payment collections. Predictive analytics are employed to derive insights, support population health, streamline workflows, and boost operational efficiencies.
Waystar offers Waystar Platform, Financial Clearance, Revenue Capture, and Claim Management.
Yes, Waystar is publicly traded on NASDAQ under the ticker symbol WAY.
Waystar has made 8 acquisitions, including Connance, Digitize.AI, and HealthPay24.
Waystar has 4 investors. Key investors include EQT, CPP Investments, Bain Capital, and Bain Capital Private Equity.
Yes. Waystar was acquired by EQT in July 2019.
The website of Waystar receives about 191 thousand visits a month and ranks #336,950 among all websites worldwide.