{"id":813180,"date":"2025-02-13T16:52:13","date_gmt":"2025-02-13T21:52:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/waystar-recognized-as-the-industrys-leading-ai-powered-software-platform\/"},"modified":"2025-02-13T16:52:13","modified_gmt":"2025-02-13T21:52:13","slug":"waystar-recognized-as-the-industrys-leading-ai-powered-software-platform","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/waystar-recognized-as-the-industrys-leading-ai-powered-software-platform\/","title":{"rendered":"Waystar recognized as the industry’s leading AI-powered software platform"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Black Book Market Research<\/i>
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\n survey of more than a thousand healthcare leaders ranked Waystar #1 in eight categories, more than any other RCM vendor<\/i>\n <\/p>\n

\n LEHI, Utah\u00a0and LOUISVILLE, Ky.<\/span><\/span>, Feb. 13, 2025<\/span><\/span> \/PRNewswire\/ — Waystar Holding Corp. (Nasdaq: WAY), a provider of leading healthcare payment software, today announced that it was named by Black Book Market Research\u2122 as the industry’s leading AI-powered software platform. Waystar earned #1 rankings in eight key categories, including claim accuracy, operational efficiency, reduction in administrative burden, and patient engagement. The independent survey assessed AI-powered revenue cycle management solutions from 80 vendors, gathering insights from more than 1,300 healthcare executives and technology decision-makers.<\/p>\n

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Waystar ranked as the #1 healthcare payments solution in eight out of 18 AI categories \u2014\u00a0more than any other vendor, none of which secured more than one top ranking. As Black Book\u2122 highlighted in its report, “Waystar showed dominant performance in claims submission, denial reduction, and reimbursement turnaround time, cementing its role as a leader in financial accuracy and efficiency.”<\/p>\n

“We are grateful for the trust healthcare providers place in our AI-powered software platform, which has been central to our innovation strategy for nearly a decade,” said Matt Hawkins<\/span>, Chief Executive Officer of Waystar. “In January, we launched Waystar AltitudeAI\u2122, a comprehensive set of AI capabilities for providers, including AltitudeCreate\u2122, a first-of-its-kind\u00a0generative AI capability\u00a0for appealing denied claims. We continue to deliver on our vision of AI-powered software that drives productivity and accuracy and advances our mission.”<\/p>\n

Surveyed industry leaders recognized the impact of Waystar’s AI, automation, and predictive analytics solutions across multiple points of the revenue cycle.<\/p>\n

\n Claim, denial, and payer payments management: <\/b>Waystar secured the #1 ranking in numerous AI-driven financial and payment management categories, including reduction in claim rejection and denial rates, increase in clean claim submission rates, time savings in claim resubmission and appeals resolution, and improvement in overall claims reimbursement turnaround time. Black Book\u2122 highlighted:<\/p>\n