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Waystar’s Recognition as Inc. Best in Business: A Testament to AI Leadership

Introduction

Award reflects Waystar’s AI leadership and proven ability to deliver meaningful client ROI at scale

LEHI, Utah and LOUISVILLE, Ky., Feb. 16, 2026 /PRNewswire/ – Waystar (Nasdaq: WAY), a renowned provider of healthcare payment software, is proud to announce its latest achievement—being honored as an Inc. Best in Business organization. This recognition highlights Waystar’s excellence in AI execution, particularly in the Best AI Implementation category, showcasing the impactful business results that have benefited clients significantly.

The Significance of the Honor

Waystar’s accolade underscores the rapid acceptance and integration of its cutting-edge technology, notably the Waystar AltitudeAI™ suite. This innovative collection of AI-driven capabilities is designed to automate essential revenue cycle processes. Since its inception, the implementation of AltitudeAI has enabled Waystar’s clients to prevent a staggering $15.5 billion in denials. Furthermore, organizations utilizing this AI technology have seen remarkable advancements, achieving 95% time savings in processes related to denial prevention while experiencing double-digit increases in denial overturn rates.

Leadership Insights

"This recognition reflects the meaningful progress our clients are experiencing with Waystar AltitudeAI," stated Matt Hawkins, the Chief Executive Officer of Waystar. He further emphasized the company’s commitment to future innovation, expressing excitement about advancing their vision for the industry’s first autonomous revenue cycle. Their mission focuses on simplifying healthcare payments for providers and their patients, ensuring streamlined financial transactions and efficient service delivery.

The Unique AI Advantage

Waystar’s AI capabilities are grounded in a mission-critical system that integrates deeply into financial operations involving revenue flow, decision-making, and denial management. This system empowers AI agents to act on behalf of healthcare providers, addressing problems effectively and ensuring seamless payment processes. The underlying technology is supported by proprietary data assets, which unify financial, clinical, and operational intelligence at scale, allowing Waystar’s models to learn from every transaction, denial, and payment in real-time. This learning capability uncovers unique patterns and insights that competitors find difficult to replicate.

Real-World Impact: The Advocate Health Case Study

A notable example of Waystar’s impact is seen in Advocate Health, a prominent nonprofit health system that spans vast regions of the Midwest and Southeast. Advocate Health utilizes Waystar’s software to streamline its administrative workflows, facilitating extensive growth. Jonathan Johnson, Associate Vice President of Pre-Arrival Services at Advocate Health, remarked, "Waystar AltitudeAI is a huge win-win for our organization and a win for our patients who ultimately get the best service. Advocate Health is continually growing at a very fast rate, and we need technology to come alongside and help us scale."

The Role of AI legalese decoder in Understanding AI Implementations

As companies pursue innovative AI systems like Waystar’s, understanding related legal ramifications becomes crucial. This is where AI legalese decoder can provide significant assistance. By simplifying complex legal jargon associated with AI contracts and agreements, AI legalese decoder ensures that organizations can confidently navigate regulatory landscapes and understand their obligations. This tool illuminates the pathways for compliance and risk management, helping clients implement AI solutions efficiently while safeguarding their interests.

Conclusion

Inc.‘s Best in Business Awards are a hallmark of entrepreneurial excellence, recognizing organizations that deliver outstanding results for their industries and clients. Each entry undergoes a rigorous evaluation process by Inc.‘s editorial team, ensuring that only those who demonstrate exceptional impact are honored.

Important Disclaimers

Forward-Looking Statements: This release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and assumptions, and the use of words like "anticipate," "estimate," "expect," and similar language signify forward-looking projections. Management’s expectations are subject to numerous factors, as outlined in Waystar’s Annual Report on Form 10-K and other SEC filings.

About Waystar

Waystar’s mission-critical software is purpose-built to simplify healthcare payment processes so that providers can prioritize patient care while enhancing their financial performance. With over 30,000 clients encompassing more than a million distinct providers—including 16 of the 20 institutions featured on the U.S. News Best Hospitals List—Waystar processes over 7.5 billion healthcare payment transactions annually. This includes more than $2.4 trillion in yearly gross claims, affecting approximately 60% of U.S. patients and one in three hospital discharges. Waystar is committed to transforming healthcare payments, allowing providers to focus on what truly matters: their patients and communities.

Media and Investor Contacts

Media Contact:
Kristin Lee
[email protected]

Investor Contact:
[email protected]

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SOURCE: Waystar

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