New directors bring deep expertise in AI innovation, healthcare, and enterprise growthLEHI, Utah and LOUISVILLE, Ky., June 16, 2025 /PRNewswire/ -- Waystar Holding Corp. (Nasdaq: WAY), a provider of leading healthcare payment software, today announced the appointment of two accomplished leaders, Aashima Gupta, Global Director of Healthcare Strategy and Solutions at Google Cloud, and Michael Roman, former Executive Chairman of the Board and Chief Executive Officer of 3M, to its Board of Directors."We're hono ...

Summary of Waystar Holding (WAY) FY Conference Call Company Overview - **Company**: Waystar Holding (WAY) - **Industry**: Healthcare technology and software solutions - **Founded**: 2017, backed by Bain Capital - **Public Listing**: Went public approximately one year prior to the conference call Key Highlights - **Financial Performance**: - Achieved four consecutive quarters of double-digit revenue growth [8] - Adjusted EBITDA margins consistently at or above 40% [8] - Reported a year-over-year revenue growth of 14% in Q1 [49] - Adjusted Q1 EBITDA margins reported at 42% [49] - **Business Model**: - Focused on providing cloud-based software solutions for healthcare providers to streamline payment processes [10][12] - Operates in a large addressable market with an estimated annual opportunity of $15 billion [43] - Holds approximately 5% market share in hospitals and 8-9% in ambulatory sites [43] - **Client Relationships**: - Gross revenue retention rate of 97% [14][15] - Net revenue retention rate of 114% in Q1 [15] - Works with over a million providers, reaching approximately 50% of the U.S. patient population annually [22] - **Technological Advancements**: - Pioneering the use of AI and machine learning in healthcare software [14] - Launched "Altitude AI," a suite of generative AI capabilities to enhance claims processing efficiency [33][34] - Achieved an average first-pass claim acceptance rate of nearly 99% [35] Industry Context - **Challenges in Healthcare**: - The industry faces nearly $500 billion in administrative waste, with over $4 trillion spent annually on healthcare in the U.S. [26] - Staffing shortages, denial complexities, and cybersecurity concerns are prevalent issues [27] - **Market Dynamics**: - The healthcare sector is experiencing significant consolidation, with hospitals acquiring other facilities and physician networks [11] - Legacy software vendors are struggling to transition to modern cloud-based solutions, presenting an opportunity for Waystar [12] Growth Strategies - **Client Expansion**: - Plans to deepen relationships with existing clients through cross-selling and upselling additional software modules [47] - Actively pursuing new client acquisitions and expanding channel partner relationships [48] - **Acquisitions**: - Completed nine acquisitions to integrate new companies onto the Waystar platform [49] Additional Insights - **Cultural Commitment**: - Emphasizes a strong organizational culture focused on customer service and mission-driven work [4][18] - The team is passionate about simplifying healthcare payments and improving provider experiences [18] - **Integration Capabilities**: - Integrates with over 500 electronic health record and practice management systems, with more than 200 active channel partners [13][44] - **Impact on Providers**: - The software aims to reduce the complexity of billing and collections, leading to quicker payments and improved revenue visibility for providers [38][39] This summary encapsulates the key points discussed during the Waystar Holding FY Conference Call, highlighting the company's performance, market position, technological innovations, and growth strategies within the healthcare technology industry.

LEHI, Utah and LOUISVILLE, Ky., May 29, 2025 /PRNewswire/ -- Waystar (Nasdaq: WAY), a provider of leading healthcare payment software, today announced it has been named a 2025–2026 Best Company to Work For by U.S. News & World Report. In addition to this national honor, U.S. News & World Report also named Waystar a Best Company to Work For in both the Health Care and Research sector and the West region.U.S. News & World Report evaluated the 5,000 largest public companies based on employee sentiment across s ...

Shares of Waystar Holding (WAY) have gained 2.5% over the past four weeks to close the last trading session at $38.20, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $48.60 indicates a potential upside of 27.2%.The mean estimate comprises 10 short-term price targets with a standard deviation of $2.46. While the lowest estimate of $45 indicates a 17.8% increase from the current ...

Group 1 - The offering resulted in aggregate gross proceeds of approximately USD 557.0 million, with EQT receiving around USD 239.6 million from the sale of shares [1] - EQT sold approximately 6.2 million shares in the offering and now holds approximately 32.6 million shares of Waystar Holding Corp [1] - The offering included the full exercise of the underwriters' option to purchase approximately 1.9 million additional shares of common stock [1] Group 2 - The offering was managed by J.P. Morgan, Goldman Sachs & Co. LLC, and Barclays as joint book-running managers [1] - The completion of the offering for the base shares occurred on May 16, 2025, while the additional shares were completed on May 20, 2025 [1] - Waystar Holding Corp. did not sell any shares in the offering and did not receive any proceeds from the sale [1]

Waystar Holding (WAY) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this health care payments software maker reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlati ...

Financial Results 1Q'25 Earnings Presentation April 30, 2025 © 2025 Waystar. All rights reserved. FORWARD - LOOKING STATEMENTS This presentation contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that reflect our current views with respect to, among other things, statements regarding Waystar's expectations relating to future operating results and financial position, including full year 2025, and future periods; anticipated future investments; our ...

Recognition underscores the differentiated value of Waystar's software platform in addressing nearly half a trillion dollars in administrative wasteLEHI, Utah and LOUISVILLE, Ky., May 8, 2025 /PRNewswire/ -- Waystar (Nasdaq: WAY), a provider of leading healthcare payment software, today announced MedTech Breakthrough named it Best Overall Healthcare Payments Solutions Provider. This marks the fourth consecutive year that MedTech Breakthrough recognized Waystar, previously awarding the company the Healthcare ...

Waystar Holding (WAY) Q1 2025 Earnings Call April 30, 2025 04:30 PM ET Speaker0 Good day, and thank you for standing by. Welcome to the Waystar First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your qu ...

Waystar Holding (WAY) Q1 2025 Earnings Call April 30, 2025 04:30 PM ET Company Participants Sandy Draper - VP, Investor RelationsMatt Hawkins - CEO & Board MemberSteve Oreskovich - CFOAdam Hotchkiss - VP - Emerging Software Equity ResearchSaket Kalia - Managing DirectorBrian Peterson - Managing DirectorJailendra Singh - Managing DirectorRyan Daniels - Group Head–Healthcare Technology and ServicesRichard Close - Managing DirectorAnne Samuel - Executive Director Conference Call Participants Joanna Zhou - Equi ...