Business
Waystar Named Healthcare Company of the Year and Top-Ranked AI Software Platform in the 2025 Stevie® Awards
Recognitions underscore breakthrough innovations, meaningful client outcomes at scale, and leadership driving healthcare's AI transformation LEHI, Utah and
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[{"type":"text","content":"Recognitions underscore breakthrough innovations, meaningful client outcomes at scale, and leadership driving healthcare's AI transformation\nLEHI, Utah and LOUISVILLE, Ky., Aug. 25, 2025 /PRNewswire/ -- Waystar (Nasdaq: WAY), a provider of leading healthcare payment software, today announced it earned multiple Gold Stevie® Awards in the 2025 International Business Awards®, including Healthcare Company of the Year and Top-Ranked AI Software Platform for Waystar AltitudeAI™. Waystar's Auth Accelerate solution also received top honors for advancing prior authorization automation with breakthrough innovation and proven client impact.\n\n \n \n \n \n \n \n\n \nThe U.S. healthcare industry incurs more than $440 billion in administrative costs annually, with claim denials and prior authorizations among the most resource-intensive challenges. Waystar's pervasive use of AI across its platform is transforming these processes, driving automation, accuracy, and results at scale.\nIn 2025, Waystar launched Waystar AltitudeAI™, a comprehensive suite of AI-powered capabilities that elevate productivity and accuracy in healthcare payments. In Denial and Appeal Management, Waystar AltitudeAI™'s industry-first capabilities have driven a 70% increase in appeal productivity and double-digit improvements in overturn rates, freeing capacity equal to nearly 10 full-time employees for a mid-size health system. Waystar also advanced its growth and AI strategy with a definitive agreement to acquire Iodine Software, a leader in AI-powered clinical intelligence, reinforcing its mission to simplify healthcare payments.\nWaystar also debuted Auth Accelerate in 2025, which earned multiple recognitions for innovation and client outcomes. Addressing the more than two billion prior authorizations occurring annually, the solution automates end-to-end submissions and achieves industry-leading auto-approval rates of over 90%. For providers, this efficiency is equivalent to the capacity of more than a dozen full-time employees.\n\"Waystar is honored to receive top distinctions for technology leadership in AI transformation,\" said Matt Hawkins, Chief Executive Officer of Waystar. \"With innovations like Waystar AltitudeAI™ and Auth Accelerate, we show how AI and advanced automation deliver strong ROI in healthcare—empowering providers to redirect resources toward p...