# Waystar

Waystar is an Asset Manager based in Louisville, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Louisville, United States
- **Region:** North America
- **Address:** Louisville, KY, United States
- **Assets under management:** Undisclosed
- **Website:** waystar.com
- **LinkedIn:** https://www.linkedin.com/company/waystar

## Regulatory record

- **Reports private funds:** No

## About

Waystar is a healthcare technology company that provides revenue cycle management solutions. Its software platform supports financial clearance, revenue capture, claim management, and payment management for healthcare providers. Founded in 2017 and based in Louisville, Kentucky, Waystar was formerly known as Navicure.

## Sectors

- Healthcare Services

## Questions

### What does Waystar actually do?

Waystar processes healthcare claims from submission to payment, handling eligibility checks, claims scrubbing, denial management, and patient billing. Its platform touches over $100 billion in annual patient charges across more than 1,000 provider organizations (per public filings, 2023). The firm sits in the transaction flow between providers and insurers, earning fees based on claim volume and collections.

### How does Waystar generate revenue?

Waystar earns revenue primarily through subscription fees and transaction-based pricing tied to claims processed on its platform. The model functions on a take-rate structure — the company collects a percentage of the dollar volume flowing through its system. This creates a recurring revenue stream with high switching costs for hospital clients whose billing operations are integrated into the Waystar infrastructure.

### Who are Waystar's main competitors?

Waystar competes with revenue cycle management vendors including Change Healthcare (acquired by UnitedHealth Group's Optum unit), R1 RCM, and to a lesser extent, Epic Systems' in-house billing modules. Scale matters in this market because data-network effects improve denial prediction accuracy, and hospital IT integrations are sticky once embedded.

### What is Waystar's geographic footprint?

Waystar operates across the United States with dual headquarters in Louisville, Kentucky and Atlanta, Georgia, a presence in Utah, and a distributed workforce. Its client base is concentrated among US hospitals, health systems, and physician practices. There is no publicly disclosed international operation.

## Related profiles

- [Inspect Point Holdings](https://altss.com/profile/inspect-point-holdings)
- [BlueAlly Technology Solutions](https://altss.com/profile/blueally-technology-solutions)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/waystar

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology