Recently, Waystar received a prestigious recognition as an Inc. Best in Business award winner for its outstanding accomplishments in AI. In particular, the magazine awarded the company in the Best AI Implementation category for its AltitudeAI solution offerings. This award is a testament to the company’s success in providing tangible financial outcomes for healthcare organizations across the country. At present, the company’s solution is handling more than 7.5 billion transactions every year. As such, this award further solidifies Waystar’s position as a leader in the healthcare technology industry.
“This recognition reflects the meaningful progress our clients are experiencing with Waystar AltitudeAI,” said Matt Hawkins, Chief Executive Officer of Waystar. “We are focused on what’s ahead advancing our vision for the industry’s first autonomous revenue cycle and our mission to simplify healthcare payments for providers and their patients.”
Impact of AltitudeAI on Healthcare Financial Operations
The AltitudeAI solution has already revolutionized the financial operations of thousands of healthcare facilities and health systems. Specifically, the innovative technology. Waystar has enabled its clients to avoid $15.5 billion in claim denials since its first launch. Moreover, the solution provides an astonishing 95% time savings in the complex denial prevention process. This allows physicians and employees to dedicate more time to caring for patients rather than dealing with paperwork. The solution is based on a proprietary data asset that integrates clinical and financial insights. In addition, the AI models learn from every transaction to discover new patterns in the payment system. This self-reinforcing process ensures that healthcare providers are reimbursed for their services. Finally, Waystar is dedicated to creating an autonomous future for the entire healthcare revenue cycle.
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News Source: PRNewswire.com
