About Waystar
Waystar is a company based in Duluth (United States) founded in 2000 was acquired by EQT in July 2019.. Waystar has completed 8 acquisitions, including Connance, Digitize.AI and HealthPay24. Waystar offers products and services including Waystar Platform, Financial Clearance, Revenue Capture, and Claim Management. Waystar operates in a competitive market with competitors including iMedX, Xifin, Infinx, AKASA and Plusgrade, among others.
- Headquarter Duluth, United States
- Stage Public
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Sectors
HealthcareTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Waystar Holding Corp.
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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.
Products & Services of Waystar
Waystar offers a comprehensive portfolio of products and services, including Waystar Platform, Financial Clearance, Revenue Capture, and Claim Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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Leadership Team
118 people
Software Development Team
78 people
Sales and Marketing
48 people
Product Management Team
33 people
Senior Team
30 people
Client Team
16 people
Operations Team
14 people
Strategic Team
10 people
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Funding Insights of Waystar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Waystar
Waystar has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include EQT and CPP Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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EQT is recognized as a global investment organization focused on value creation.
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Founded Year | Domain | Location | |
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Pension fund assets are managed for sustainable long-term growth.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Waystar
Waystar has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Connance, Digitize.AI and HealthPay24. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Prior authorization solutions are provided for healthcare professionals.
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2017 | ||||
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AI-based clinical documentation integrity and revenue management solutions are provided.
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2010 | ||||
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SaaS-based payment solutions are offered to healthcare organizations.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Waystar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Waystar Comparisons
Competitors of Waystar
Waystar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as iMedX, Xifin, Infinx, AKASA and Plusgrade, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Revenue cycle management platform is provided to healthcare providers.
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| domain | founded_year | HQ Location |
Cloud-based billing & revenue cycle management solutions for diagnostic service providers
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| domain | founded_year | HQ Location |
Revenue cycle management platform for healthcare is provided.
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| domain | founded_year | HQ Location |
Revenue cycle automation platforms are provided for healthcare reimbursement.
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| domain | founded_year | HQ Location |
SaaS revenue management solutions are offered to airlines for optimization.
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| domain | founded_year | HQ Location |
End-to-end revenue cycle management is provided for healthcare organizations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Waystar
Frequently Asked Questions about Waystar
When was Waystar founded?
Waystar was founded in 2000.
Where is Waystar located?
Waystar is headquartered in Duluth, United States.
What is the annual revenue of Waystar?
Annual revenue of Waystar is $943.55M as on Dec 31, 2024.
What does Waystar do?
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.
Who are the top competitors of Waystar?
What products or services does Waystar offer?
Waystar offers Waystar Platform, Financial Clearance, Revenue Capture, and Claim Management.
Is Waystar publicly traded?
Yes, Waystar is publicly traded on NASDAQ under the ticker symbol WAY.
How many acquisitions has Waystar made?
Waystar has made 8 acquisitions, including Connance, Digitize.AI, and HealthPay24.
Who are Waystar's investors?
Waystar has 2 investors. Key investors include EQT, and CPP Investments.
What is Waystar's ticker symbol?
The ticker symbol of Waystar is WAY on NASDAQ.
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