Waystar Named Healthcare Company of the Year and Top-Ranked AI Software Platform in the 2025 Stevie® Awards

Group 1: Company Achievements - Waystar received multiple Gold Stevie® Awards in the 2025 International Business Awards, including Healthcare Company of the Year and Top-Ranked AI Software Platform for Waystar AltitudeAI™ [1] - The company launched Waystar AltitudeAI™ in 2025, which has driven a 70% increase in appeal productivity and double-digit improvements in overturn rates, equivalent to the capacity of nearly 10 full-time employees for a mid-size health system [3] - Waystar's Auth Accelerate solution automates end-to-end submissions for over two billion prior authorizations annually, achieving auto-approval rates of over 90%, equivalent to the capacity of more than a dozen full-time employees [4] Group 2: Industry Context - The U.S. healthcare industry incurs over $440 billion in administrative costs annually, with claim denials and prior authorizations being significant challenges [2] - Waystar's AI-driven solutions are transforming healthcare payment processes, enhancing automation, accuracy, and results at scale [2] Group 3: Strategic Initiatives - Waystar advanced its growth and AI strategy with a definitive agreement to acquire Iodine Software, a leader in AI-powered clinical intelligence, reinforcing its mission to simplify healthcare payments [3] - The company serves approximately 30,000 clients, representing over 1 million distinct providers, and processes over 6 billion healthcare payment transactions annually, amounting to over $1.8 trillion in gross claims [7]