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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Waystar Holding Corp.
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Annual Revenue
$943.55 M (USD)19.28as on Dec 31, 2024
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Net Profit
-$19.13 M (USD)62.74as on Dec 31, 2024
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EBITDA
$327.49 M (USD)0.81as on Dec 31, 2024
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Latest Funding Round
Not available
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Investors
EQT
& 3 more
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Employee Count
Not available
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Investments & Acquisitions
Connance
& 7 more
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Acquired by
EQT
(Jul 29, 2019)
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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.
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
People of Waystar
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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
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.
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EQT is recognized as a global investment organization focused on value creation.
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Investor details for Waystar
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Waystar
Waystar has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Connance, Digitize.AI and HealthPay24.
Investment portfolio details for Waystar
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Prior authorization solutions are provided for healthcare professionals.
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AI-based clinical documentation integrity and revenue management solutions are provided.
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SaaS-based payment solutions are offered to healthcare organizations.
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Locked | Locked | 2008 | Locked |
Complete acquisition details for Waystar
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Waystar
Detailed financials for Waystar
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
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Verified entity values are shown only after access is granted.
Waystar Comparisons
Peer comparison for Waystar
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Revenue cycle management platform is provided to healthcare providers.
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Cloud-based billing & revenue cycle management solutions for diagnostic service providers
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Revenue cycle management platform for healthcare is provided.
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Revenue cycle automation platforms are provided for healthcare reimbursement.
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SaaS revenue management solutions are offered to airlines for optimization.
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End-to-end revenue cycle management is provided for healthcare organizations.
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Detailed competitors of Waystar
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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Verified entity values are shown only after access is granted.
Latest news on Waystar
Complete news archive for Waystar
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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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 $943.55M as on Dec 31, 2024.
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.
The ticker symbol of Waystar is WAY on NASDAQ.