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A NEW WAY TO ROLL: KICKING OFF A CELEBRATION OF THE KIA SOUL
Prnewswire· 2025-10-06 10:00
Tapping into the power of music, dance, and positivity, the "Ham-stars" cruised to playlists ranging from Black Sheep's classic hip-hop track "The Choice Is Yours," LMFAO's smash hit "Party Rock Anthem," to Motörhead's "Ace of Spades." The hamsters quickly became advertising legends, with the Madison Avenue Advertising Walk of Fame naming them the first-ever "Rookie of the Year." , /PRNewswire/ -- From a humble beginning as a boxy concept vehicle in Kia's U.S. design studio and continuing through 16 years o ...
What Makes Waystar (WAY) a New Buy Stock
ZACKS· 2025-10-01 17:00
Waystar Holding (WAY) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Indivi ...
Waystar Closes Acquisition of Iodine Software, Extending AI Leadership in Healthcare Software
Prnewswire· 2025-10-01 12:45
LEHI, Utah, and LOUISVILLE, Ky., Oct. 1, 2025 /PRNewswire/ -- Waystar Holding Corp. (Nasdaq: WAY), a provider of leading healthcare payment software, today announced the successful completion of its acquisition of Iodine Software ("Iodine"). The combination of one of the industry's largest financial datasets with one of the largest clinical datasets strengthens Waystar's AI platform to deliver transformational outcomes for healthcare providers while creating meaningful value for shareholders. Iodine's clie ...
Waystar Joins S&P SmallCap 600 Index
Prnewswire· 2025-09-22 12:15
Accessibility StatementSkip Navigation Inclusion underscores durable growth, innovation leadership, and long-term shareholder value LEHI, Utah and LOUISVILLE, Ky., Sept. 22, 2025 /PRNewswire/ -- Waystar Holding Corp. (Nasdaq: WAY), a provider of leading healthcare payment software, today announced that it has joined the S&P SmallCap 600® Index, effective before the market opens on September 22, 2025. "Our addition to the S&P SmallCap 600 reflects the strength of Waystar's AI-powered software platform and ou ...
Waystar Holding (NasdaqGS:WAY) Conference Transcript
2025-09-16 16:32
Summary of Waystar Holding Conference Call Industry Overview - The healthcare industry is facing challenges such as margin pressures, staffing shortages, and shifting policy landscapes, prompting a need for smarter operations and improved financial health [1][5] - The focus is on transforming healthcare payments through AI-powered solutions, with Waystar leading this transformation [1][2] Core Company Insights - **Waystar Altitude AI**: A comprehensive set of AI capabilities designed to enhance efficiency and accuracy in healthcare revenue cycles, eliminating manual processes and accelerating reimbursements [2][6] - **Transaction Data**: Waystar processes over 6 billion transactions and $1.8 trillion in gross claims annually, leveraging this data for smarter automation and financial outcomes [3][4] - **Provider Sentiment**: A Forrester study indicates that 82% of provider organizations consider AI essential for revenue cycle operations, with nearly 60% planning to increase investment in AI [5] Key Innovations and Impact - **Financial Clearance**: Waystar Altitude AI significantly reduces denials and accelerates reimbursement, achieving up to 90% auto-approval on prior authorizations [9] - **Patient Financial Care**: Digital-first billing solutions lead to a 17.5% reduction in statement costs and up to a 20% increase in patient revenue [10] - **Revenue Capture**: The platform helps recover an average of over $3 million in additional annual revenue for clients [11] - **Denial Management**: Automated appeals powered by AI have led to a significant increase in denial overturn rates and recovery of $33 million in revenue for early adopters [12][35] Operational Efficiency - **Time Savings**: For mid-size health systems, the time to manage claim edits has decreased from 133 hours to under 6 hours, representing a 95% time savings [21] - **Prior Authorization**: The expansion of Authorization Manager has resulted in over 90% touchless approvals, significantly reducing the time for authorization processes [26][27] Financial Transparency and Patient Experience - **Patient Wallet**: The Waystar Patient Wallet provides accurate upfront estimates and self-service payment options, increasing pre-payments from 17% to 40% [42] - **Real-Time Monitoring**: Future capabilities will include real-time visibility into payment terminal health, ensuring seamless transactions and uninterrupted care [45] Security and Trust - Waystar emphasizes a robust cybersecurity framework to protect data and operations, being recognized as a trusted vendor in the healthcare sector [52] Conclusion - Waystar is committed to transforming healthcare payments through innovative AI solutions, enhancing operational efficiency, financial performance, and patient experience while maintaining a strong focus on security and trust [53][54]
Waystar Advances AI Leadership with Next-Generation Denial Prevention and Reimbursement Recovery Innovations
Prnewswire· 2025-09-16 12:00
Core Insights - Waystar is addressing significant financial challenges in the healthcare sector, including $20 billion in denied claims and $17 billion in uncompensated care, by introducing AI-powered software innovations aimed at improving financial performance and resilience for healthcare providers [1][2]. Group 1: Financial Challenges - Healthcare providers are facing $20 billion annually in costs related to denied claims and $17 billion in uncompensated care due to lower patient collections [2]. - Eliminating manual steps in obtaining payer reimbursement could save the industry $2.6 billion [2]. Group 2: Waystar's Innovations - Waystar is launching the first scaled, AI-powered, end-to-end solution for denial appeals, significantly reducing the time required to create appeal packages from 38 hours to just 2 hours, which allows for a redeployment of resources [4]. - The new AI capabilities have enabled early adopters to overturn 40% more denials and improve pre-service patient payments from 17% to 40% of total payments, enhancing cash flow and reducing uncompensated care [5][4]. Group 3: Efficiency Gains - Waystar's platform delivers over 90% time savings across key capabilities, allowing healthcare providers to reclaim millions in revenue and free up resources equivalent to more than a dozen full-time employees [2]. - The AI technology reduces denial-prevention-related work from 133 hours to under 6 hours, achieving a 95% time savings [6]. Group 4: Market Position - Waystar serves approximately 30,000 clients, representing over 1 million distinct providers, and processes over 6 billion healthcare payment transactions annually, including over $1.8 trillion in gross claims [8].
MAGIC IS ON ITS WAY WITH SELFRIDGES AND DISNEY
Prnewswire· 2025-09-15 23:35
Core Insights - Selfridges and Disney are launching a festive collaboration titled "A Most Magical Christmas," set to begin on November 6, 2025, aimed at creating enchanting experiences for visitors [1][2][4] - The collaboration will feature limited edition products, including unique Disney-themed items and specially commissioned fashion pieces, enhancing the holiday shopping experience [3][5] Group 1: Collaboration Details - The partnership will transform Selfridges locations in London, Manchester, and Birmingham into festive wonderlands, featuring 18 Disney-themed window displays and over 60 brand collaborations [3][4] - Limited edition Selfridges and Disney yellow bags will be available starting November 6, marking a significant aspect of the collaboration [3][4] Group 2: Historical Context - The collaboration builds on a rich history between Selfridges and Disney, dating back to the 1950s, showcasing iconic Disney characters in Selfridges' displays over the decades [4] - This partnership reflects a shared creative dialogue and appreciation for each brand's heritage, developed over more than two years [4][5] Group 3: Executive Insights - André Maeder, CEO of Selfridges Group, expressed excitement about the collaboration, highlighting the unique and imaginative aspects of the partnership [5] - Tasia Filippatos, Global President of Disney Consumer Products, emphasized the power of storytelling and the joy it brings during the holiday season through this collaboration [5]
Hospitals having to do more with less resources, this is where AI comes in, says Waystar CEO
Youtube· 2025-09-15 21:39
Core Insights - Wayar is hosting its True North conference in Nashville to showcase new AI solutions in healthcare software, addressing the challenges of higher utilization and costs faced by healthcare providers [1][3] - The healthcare sector has seen a significant increase in patient visits, averaging 1-2% annually over the last 40 years, with a notable 4% increase in the last two years, necessitating more efficient resource management by hospitals [5] - Wayar's AI technology automates low complexity, high volume tasks, allowing healthcare providers to improve efficiency and accuracy in patient interactions and billing processes [5][7] Company Overview - Wayar processes over six billion insurance transactions annually, amounting to more than $1.8 trillion in gross claim charges, enabling better financial transparency for patients [9] - The company aims to transition from AI hype to a reality focused on return on investment (ROI) for healthcare providers, enhancing patient-provider interactions [8][12] - Wayar's software platform allows providers to help patients understand their financial responsibilities before receiving care, promoting a more consumer-friendly experience [10][11] Industry Context - The healthcare industry is experiencing a shift towards utilizing AI to manage increased patient interactions, including telehealth and virtual consultations, which are becoming integral to patient care [6] - There is a growing emphasis on price transparency in healthcare, with mandates for providers to publish prices for certain services, and Wayar is positioned to facilitate this process [11]
Waystar to Showcase New AI Capabilities at Innovation Showcase
Yahoo Finance· 2025-09-11 18:15
Group 1 - Waystar Holding Corp. is highlighted as one of the best IPO stocks to buy and hold for three years, with an upcoming Fall Waystar Innovation Showcase scheduled from September 15 to 17 [1] - The flagship conference emphasizes Waystar's leadership in technology within the healthcare industry, focusing on AI and advanced automation to improve return on investment, reduce denials, and accelerate reimbursement for healthcare providers [2] - The Innovation Showcase on September 16 will feature the unveiling of Waystar's newest AI capabilities, accessible to both in-person attendees and a global audience via live stream [3] Group 2 - Waystar develops a cloud-based software solution specifically for healthcare payments, primarily serving the healthcare industry [3]
Waystar Announces Pricing of Secondary Offering of Common Stock
Prnewswire· 2025-09-11 12:30
Core Viewpoint - Waystar Holding Corp. has announced the pricing of an underwritten secondary offering of 18,000,000 shares of common stock at a public price of $39.40 per share, with the offering expected to close on or about September 12, 2025 [1][2]. Company Overview - Waystar is a provider of healthcare payments software, serving approximately 30,000 clients and over 1 million distinct providers, including 16 of the top 20 institutions on the U.S. News Best Hospitals list [5]. - The company's platform processes over 6 billion healthcare payment transactions annually, amounting to over $1.8 trillion in gross claims, covering approximately 50% of U.S. patients [5]. Offering Details - The offering is being conducted by certain investment funds of EQT AB, Bain Capital, LP, and Canada Pension Plan Investment Board, with Waystar not selling any shares or receiving proceeds from the sale [1]. - J.P. Morgan is acting as the underwriter for the offering [2]. - A registration statement on Form S-3 has been filed with the SEC and has become effective [3].