Waystar Wins Healthcare Company of the Year and Best AI Software Platform at 2025 Stevie Awards for Transforming Payment Automation

Waystar Recognized as Healthcare Company of the Year and Top AI Software Platform in 2025 Stevie® Awards

Waystar has received multiple Gold Stevie® Awards in the 2025 International Business Awards®, including Healthcare Company of the Year and Top-Ranked AI Software Platform for its Waystar AltitudeAI™. Additionally, its Auth Accelerate solution was honored for advancing prior authorization automation through innovation and measurable client outcomes.

The U.S. healthcare system faces over $440 billion in administrative costs annually, with claim denials and prior authorizations among the most resource-heavy tasks. Waystar's AI-driven platform addresses these issues by boosting automation and accuracy at scale, improving efficiency across healthcare payments.

AI-Driven Improvements in Healthcare Payments

Waystar introduced Waystar AltitudeAI™ in 2025, a suite of AI-powered tools designed to improve productivity and accuracy in payment processes. In Denial and Appeal Management, AltitudeAI™ has increased appeal productivity by 70% and improved overturn rates significantly. This efficiency gain is comparable to adding nearly 10 full-time employees for a mid-sized health system.

Further strengthening its AI capabilities, Waystar announced an agreement to acquire Iodine Software, a leader in AI-powered clinical intelligence, supporting its mission to simplify healthcare payments.

Auth Accelerate: Tackling Prior Authorization Challenges

Waystar's Auth Accelerate solution automates the end-to-end prior authorization process, handling over two billion submissions annually. It achieves auto-approval rates exceeding 90%, which translates to the equivalent capacity of more than a dozen full-time staff for healthcare providers.

These advancements show how AI and automation can deliver strong returns on investment by cutting administrative burdens and allowing providers to focus more on patient care.

Industry Recognition and Leadership

The Stevie® Awards are judged by more than 250 executives worldwide and saw a record 3,800 nominations this year. Waystar's recent accolades also include recognition from Forbes as one of America’s Most Trusted Companies, MedTech Breakthrough’s top healthcare payments software platform, and two Best in KLAS® awards.

About Waystar

Waystar offers mission-critical software that simplifies healthcare payments, helping providers prioritize patient care and optimize financial performance. It serves around 30,000 clients, representing over 1 million distinct providers, including 16 of the 20 institutions on the U.S. News Best Hospitals list.

Waystar's platform processes more than 6 billion healthcare payment transactions annually, covering over $1.8 trillion in gross claims and roughly 50% of U.S. patients. Its goal is to make healthcare payments more efficient, letting providers focus on patients and their communities.

Discover more about healthcare AI and automation tools at Complete AI Training.