
Core Insights - Waystar is launching AltitudeAI™, a suite of AI-powered capabilities aimed at improving productivity and accuracy in healthcare payments, addressing over $440 billion in administrative waste in the U.S. healthcare system [1][2] Group 1: Innovations and Features - The AltitudeAI™ platform processes over six billion transactions annually and supports more than one million providers, reaching about 50% of the U.S. patient population [2] - Waystar introduces AltitudeAssist™ in Claim Manager, a generative AI capability that automates denial prevention, reducing claim processing time from three days to approximately three minutes [5] - A fully automated insurance identification system is being launched, which continuously scans for coverage, improving identification rates and uncovering accurate insurance coverage for over 55% of previously incorrect information in under 30 seconds [7] Group 2: Financial Impact and Patient Experience - Providers are facing financial pressure, with median days cash-on-hand at a ten-year low, making efficient cash flow management critical [6] - Waystar's Digital First Billing expands access for providers, allowing patients to engage with self-service payment options, resulting in up to 80% patient engagement and a 35% reduction in print statements [9] - The company processes over $1.8 trillion in annual gross claims, emphasizing its significant role in the healthcare payment landscape [11]