About Waystar
Waystar is a company based in Houston (United States) founded in 2003 was acquired by eSolutions in June 2019. It operates as a SaaS (Software-as-a-Service), and HealthTech. Waystar offers products and services including Waystar Software Platform, Financial Clearance, Patient Financial Care, and Denial Prevention + Recovery. Waystar operates in a competitive market with competitors including iMedX, Xifin, Infinx, AKASA and R1 RCM, among others.
- Headquarter Houston, United States
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Sectors
Healthcare
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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
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
eSolutions
& 2 more
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Employee Count
Employee Count
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Acquired by
eSolutions
(Jun 20, 2019)
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Products & Services of Waystar
Waystar offers a comprehensive portfolio of products and services, including Waystar Software Platform, Financial Clearance, Patient Financial Care, and Denial Prevention + Recovery. 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.
Healthcare payments are simplified through AI-powered software solutions.
Insurance benefits are verified and authorizations are automated efficiently.
Self-service payment options are offered for patient convenience daily.
Denials are tracked and appealed to ensure faster payments.
Funding Insights of Waystar
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2017 | Amount | Private Equity Round - Waystar | Valuation |
investors |
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| Aug, 2011 | Amount | Private Equity Round - Waystar | Valuation |
investors |
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| Aug, 2009 | Amount | Private Equity Round - Waystar | Valuation |
investors |
| 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 |
investors |
Investors in Waystar
Waystar has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include eSolutions, Yukon Partners and Halyard Capital. 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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Yukon Partners is engaged in providing private debt and equity solutions.
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Founded Year | Domain | Location | |
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Investments are directed toward opportunities in North America and Europe.
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Founded Year | Domain | Location | |
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RCM solutions are provided to healthcare providers by eSolutions.
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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
| 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 |
Financial Statements - 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 |
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 R1 RCM, 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 |
|---|---|---|---|---|
| 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 |
End-to-end revenue cycle management is provided for healthcare organizations.
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| domain | founded_year | HQ Location |
Billing solutions for dentists are provided by Zentist.
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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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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
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 2003 and raised its 1st funding round 6 years after it was founded.
Where is Waystar located?
Waystar is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
What does Waystar do?
Healthcare revenue cycle management solutions are delivered by Waystar through an AI-powered software platform. Services are focused on financial clearance, patient payment solutions, revenue capture, claim management, and denial prevention. The platform is utilized by various healthcare organizations, including hospitals, physician practices, and specialty centers. Advanced automation and predictive analytics are integrated to enhance productivity and financial performance. Support is extended to health systems, clinical laboratories, and durable medical equipment providers across the United States.
Who are the top competitors of Waystar?
Waystar's top competitors include R1 RCM, AKASA and ABI Health.
What products or services does Waystar offer?
Waystar offers Waystar Software Platform, Financial Clearance, Patient Financial Care, and Denial Prevention + Recovery.
Who are Waystar's investors?
Waystar has 3 investors. Key investors include eSolutions, Yukon Partners, and Halyard Capital.