Core Insights - AI is becoming essential in revenue cycle management (RCM) for healthcare providers, demonstrating significant impact and return on investment [1][2][3] Group 1: AI Integration in Healthcare - 82% of healthcare leaders consider AI integral to their RCM operations, with 70% identifying it as a top organizational priority [2][6] - AI is delivering 13-37% improvements in key revenue cycle areas such as claim accuracy, denial prevention, workforce efficiency, and payment speed [6] - Trust in AI is increasing, with 60% of decision-makers reporting heightened confidence since implementation [6] Group 2: Strategic Implementation and Adoption - Providers are prioritizing strategic AI implementation, particularly in payer-facing workflows like prior authorizations and denial appeals [3] - The majority of healthcare leaders are relying on existing RCM software partners for AI capabilities, favoring established platforms for faster value realization and data security [6] - Nearly 60% of healthcare leaders plan to increase AI investment, highlighting its strategic role in enhancing payment performance and process transformation [6] Group 3: Industry Impact - The study indicates a broader shift in the healthcare industry as AI accelerates automation, enhances analytics, and drives stronger returns on investment [3] - Waystar's platform processes over 6 billion healthcare payment transactions annually, reflecting the scale at which AI is being integrated into RCM [5]

Financial Data and Key Metrics Changes - Revenues for the first quarter were $73.5 million, up 1% year-over-year [38] - Operating income decreased by 23.1% to $4.4 million [38] - Net income was $4.3 million, down 17.1% [38] - EPS decreased from $0.17 to $0.14 [38] - Adjusted EBITDA was $16.2 million, down 5% [38] Business Line Data and Key Metrics Changes - Credential Stream revenue grew by 25% year-over-year [41][54] - Shift Wizard revenue increased by 19% [41][52] - Competency Suite revenue rose by 12% [41] - Core business, excluding legacy products and customer bankruptcy impacts, grew over 6% [41] Market Data and Key Metrics Changes - Remaining performance obligations were $613 million, up from $514 million year-over-year [42] - Gross margin decreased to 65.3% from 66.2% [42] - Days sales outstanding improved to 37 days from 46 days year-over-year [44] Company Strategy and Development Direction - The company is focused on developing, credentialing, and scheduling the healthcare workforce through SaaS solutions [30] - Emphasis on the interoperability of core applications through the hStream platform [30] - The company aims to bundle value to address mandatory requirements in healthcare [75] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macroeconomic headwinds affecting purchasing decisions, particularly for elective content [9][10] - Despite challenges, management remains optimistic about revenue and EBITDA growth year-over-year [8] - Revised guidance reflects a cautious outlook due to delays in medium-sized deals and technology scaling issues [26][36] Other Important Information - The company has a strong cash balance of $113.3 million and no interest-bearing debt [33][44] - A quarterly cash dividend of $0.031 per share was declared [48] - The company maintains an active pipeline for potential acquisitions [47] Q&A Session Summary Question: How much of the portfolio is required versus elective? - Management indicated that the majority of products are tied to some form of requirement, estimating around 80% to 90% [80][86] Question: Was the largest contract a renewal or new business? - The largest contract was new business, involving a significant health system that had not previously used the company's learning management system [90][91] Question: What is the status of legacy products? - Legacy products are still supported but not actively sold, with a focus on transitioning customers to newer solutions [100]

Company Overview - Waystar is a provider of healthcare payment software, aiming to simplify healthcare payments for providers to enhance patient care and financial performance [3] - The company serves approximately 30,000 clients, representing over 1 million distinct providers, including 16 of the top 20 institutions on the U.S. News Best Hospitals list [3] - Waystar'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 [3] Upcoming Events - CFO Steve Oreskovich will present at the Bank of America Securities Healthcare Conference on May 14, 2025, at 8:40 a.m. PT [2] - CEO Matt Hawkins will present at the William Blair 45th Annual Growth Stock Conference on June 3, 2025, at 12 p.m. CT [2] - Both presentations will be streamed live on Waystar's Investor Relations website, with recordings available afterward [2]

As filed with the Securities and Exchange Commission on January 31, 2025 Registration No. 333-276130 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 3 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) Aaron Green Chief Executive Officer OneMedNet Corporation 6385 Old Shady Oak Road, Suite 250 Eden Prairie, MN 55344 Telephone: 800-918-71 ...