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Close of 9 Nov 2026, in USD
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About Waystar Holding
From its filings with the US Securities and Exchange Commission
Waystar Holding is based in Lehi, Utah and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker WAY. The SEC classifies its business as computer integrated systems design. In the fiscal year to 31 December 2025, it reported revenue of $1.10bn and net income of $112.1m. At that date it held total assets of $5.79bn and shareholders' equity of $3.88bn.
Our mission is to simplify healthcare payments through our modern cloud-based software, enabling our healthcare clients to prioritize patient care and optimize their financial performance.
Waystar provides healthcare organizations with mission-critical AI-powered software that simplifies healthcare payments for providers across the continuum of care. Our enterprise-grade platform streamlines the complex and disparate processes providers must manage to ensure accurate reimbursement and improves the payments experience for providers, patients, and payers. We leverage internally developed AI as well as proprietary, advanced algorithms to automate payment-related workflow tasks and drive continuous improvement, which enhances claim and billing accuracy, strengthens data integrity, and reduces labor costs for providers.
Put simply, our software helps providers get paid faster, accurately, and more efficiently, while ensuring patients receive a modern, transparent, and consumer-friendly financial experience.
The healthcare payment ecosystem is highly complex, spanning the full patient journey from pre-service patient onboarding and extending through post-service revenue collection, with dozens of interdependent steps in between. Within this multi-step workflow, the process for determining how much a provider should be reimbursed involves millions of permutations of variables, such as unique payer contracts, each with individual rules, processes, and reimbursement requirements.
Quoted from its 10-K, filed 17 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Health Care
- Industry
- Health Care Technology
- Listed since
- 7 Jun 2024
- Employees
- 1,700
- Head office
- 1550 DIGITAL DRIVE, #300, LEHI, UT, 84043
- Incorporated in
- DE
- Classification
- Services-Computer Integrated Systems Design
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. John DriscollIndependent Chairman of the Board$125,000
- Mr. Matthew HawkinsChief Executive Officer, Director, since 2017$1.5m
- Mr. Steven OreskovichChief Financial Officer
- Ms. Kim WittmanChief People Officer
- Mr. Christopher SchremserChief Technology Officer
- Ms. Melissa MillerChief Marketing Officer
- Mr. T. Craig BridgeChief Transformation Officer$807,070
- Mr. Matthew HeimanChief Legal & Administrative Officer
- Mr. Eric SinclairChief Business Officer$1.1m
- Mr. Samuel BlaichmanIndependent Director
- Mr. Robert DemichieiIndependent Director$50,000
- Ms. Aashima GuptaIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Waystar platform streamlines healthcare payments with AI-driven automation for accuracy and cost reduction.
- Waystar serves diverse healthcare providers including hospitals, clinics, and laboratories across the US.
- Waystar's proprietary algorithms enhance data integrity and reduce labor costs for healthcare organizations.
Weaknesses
- Waystar's IPO on 7 June 2024 indicates recent market entry with limited historical performance data.
- Waystar employs 1,400 full-time employees, which may be insufficient for scaling operations nationwide.
- Waystar's headquarters in Lehi, Utah, may limit access to major healthcare technology hubs.
Opportunities
- Waystar can expand its AI-driven solutions to new healthcare segments like telemedicine and rural clinics.
- Waystar's platform can integrate with emerging healthcare data standards to improve interoperability.
- Waystar's software usage by providers across the US offers growth potential in the Health Care Technology sector.
Threats
- Waystar faces competition from established healthcare technology firms in the US market.
- Regulatory changes in the Health Care sector could impact Waystar's software compliance requirements.
- Economic downturns may reduce healthcare spending, affecting Waystar's client base and revenue.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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