About Waystar
Waystar is a Healthcare company based in Greenwood Village (United States) founded in 2006, and was acquired by Waystar in December 2019. It operates as a cloud-based revenue cycle management is delivered to healthcare providers. It operates on a SaaS (Software-as-a-Service) and HealthTech model. Waystar has raised $36 million across 3 funding rounds from investors including Waystar, Lemhi Ventures and Bridge Capital. Waystar offers products and services including Waystar Software Platform, Financial Clearance, Patient Financial Care, and Denial Prevention + Recovery. Its focus areas include Health Technology and Revenue Cycle Management. Its competitors include iMedX, Xifin, Infinx, AKASA and R1 RCM and 4 more; 6 of its 9 listed competitors have raised funding.
Company details
Healthcare revenue cycle management solutions are offered by Waystar through an AI-powered software platform. Services are focused on financial clearance, patient payment solutions, revenue capture, claim and payer payment management, denial prevention, and analytics. The platform is utilized by various healthcare providers, including hospitals, physician practices, and specialty centers. Advanced automation and generative AI are integrated to enhance productivity, reduce errors, and improve financial outcomes. Support is extended across the United States to optimize payment processes and elevate patient care experiences.
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.
Healthcare payments are simplified through AI-powered software solutions.
Insurance benefits are verified and price transparency is offered.
Self-service payment options are provided for healthcare patients.
Denials are tracked and appealed for faster payments.
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
Waystar has successfully raised a total of $36M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $36M
- Total Rounds 3
- First Round $20M
(Jan 2013)
- Investors Count 3
All 3 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 |
|---|---|---|---|---|---|
| Oct 2016 | $16M | Series B | – | Lemhi Ventures | – |
| Oct 2016 | – | Debt – Conventional | – | – | |
| Jan 2013 | $20M | Series B | – | Bregal Sagemount | – |
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 Waystar, Lemhi Ventures and Bridge Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are focused on healthcare system transformation. | 2006 | lemhiventures.com | - | |
Investments are directed toward high-growth startups in multiple sectors. | – | sagemount.com | New York, United States | |
Bridge Capital, LLC is engaged in investment banking and asset management. | – | bccnmi.com | Saipan, CNMI, USA | |
Cloud-based healthcare revenue cycle management solutions are provided. | 2000 | waystar.com | Duluth, United States |
Investor details for Waystar
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Waystar
4 dated milestones of Waystar across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Waystar is founded.
- Funding First funding round of $20.0M.
- Funding Latest funding round, Debt – Conventional,.
- Exit Acquired by Waystar.
Competitors of Waystar
Waystar has 9 listed competitors in our database, 6 of them funded. They include iMedX, Xifin, Infinx, AKASA and R1 RCM, 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. | |
| r1rcm.com | 2003 | Chicago, United States | – | 16,445 | End-to-end revenue cycle management is provided for healthcare organizations. | |
| zentist.io | 2015 | San Francisco, United States | $14M | – | Billing solutions for dentists are provided by Zentist. | |
| abi-health.com | 2013 | Bengaluru, India | $16.18M | 82 | AI-driven solutions for healthcare operations are provided. | |
| ahsrcm.com | 1999 | Warren, United States | $24M | 300 | Medical billing software and revenue cycle management services are offered. | |
| coronishealth.com | 1981 | Baltimore, United States | – | 452 | Provider of revenue cycle management services |
Detailed competitors of Waystar
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Waystar
Websites that share an audience with Waystar (recondotech.com).
Websites whose visitors overlap most with Waystar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| gatewayedi.com | 100% | 684.3K | – | View details | |
fbcs-inc.com | fbcs-inc.com | 99% | – | #13,321,174 | – |
| instamed.com | 97% | 1.7M | #30,220 | View details | |
| passporthealth.com | 93% | 116.4K | #425,389 | View details | |
| stockbrokers.com | 92% | – | #152,680 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Waystar
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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 | – | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about 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
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Waystar
Waystar was founded in 2006 and raised its 1st funding round 7 years after it was founded.
Waystar is headquartered in Greenwood Village, United States. It is registered at Greenwood Village, Colorado, United States.
Waystar is a funded company, having raised a total of $36M across 3 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on Jan 2013.
Healthcare revenue cycle management solutions are offered by Waystar through an AI-powered software platform. Services are focused on financial clearance, patient payment solutions, revenue capture, claim and payer payment management, denial prevention, and analytics. The platform is utilized by various healthcare providers, including hospitals, physician practices, and specialty centers. Advanced automation and generative AI are integrated to enhance productivity, reduce errors, and improve financial outcomes. Support is extended across the United States to optimize payment processes and elevate patient care experiences.
Waystar's top competitors include R1 RCM, AKASA and ABI Health.
Waystar offers Waystar Software Platform, Financial Clearance, Patient Financial Care, and Denial Prevention + Recovery.
Waystar has 4 investors. Key investors include Waystar, Lemhi Ventures, Bridge Capital, and Bregal Sagemount.
Waystar operates through Waystar.
Yes. Waystar was acquired by Waystar in December 2019.