Hospitals having to do more with less resources, this is where AI comes in, says Waystar CEO
CNBC Television·2025-09-15 21:39

Healthcare Industry Trends - Patient visits have increased by an average of 1-2% annually over the past 40 years, with a higher increase of about 4% in the last two years [5] - Telehealth interactions and other virtual interactions are included in the utilization metrics, not just physical patient visits [6] - UnitedHealth is experiencing challenges due to higher utilization and costs [1] Waystar's AI Solutions - Waystar utilizes AI to address higher utilization with more efficiency, helping clients get paid accurately, efficiently, and fully [3] - Waystar's AI automates low complexity, high volume tasks, returning more time to providers and improving accuracy and efficiency [5][6] - Waystar's software helps providers understand a patient's financial situation and automatically creates accurate claims [7] - Waystar's AI-powered platform processes over 6 billion insurance transactions annually, constituting more than $18 trillion of insurance gross claim charges [9] - Waystar's platform enables providers to interact with patients and help them understand their financial responsibility before receiving care [10] Transparency and ROI - Waystar helps patients understand their financial responsibility, offering more transparency than historically available [9][10] - Waystar is creating a real ROI for the providers they work with [7][12] - Waystar advocates for both providers and patients, bringing simplicity and common understanding to pricing [11]