TLDR: Waystar, a prominent provider of healthcare payment software, has received multiple Gold Stevie® Awards in the 2025 International Business Awards®. The company was recognized as ‘Healthcare Company of the Year’ and its Waystar AltitudeAI™ platform was named ‘Top-Ranked AI Software Platform’. Additionally, its Auth Accelerate solution was lauded for its advancements in prior authorization automation. These accolades highlight Waystar’s significant contributions to transforming healthcare payments through innovative AI-driven solutions, aiming to reduce the substantial administrative costs in the U.S. healthcare industry.
LEHI, Utah and LOUISVILLE, Ky. – August 25, 2025 – Waystar (Nasdaq: WAY), a leading innovator in healthcare payment software, has achieved significant recognition at the 2025 International Business Awards®, securing multiple Gold Stevie® Awards. The company was distinguished as ‘Healthcare Company of the Year’ and its groundbreaking Waystar AltitudeAI™ platform earned the title of ‘Top-Ranked AI Software Platform’. Further solidifying its leadership in healthcare technology, Waystar’s Auth Accelerate solution also received top honors for its advancements in automating prior authorizations.
These prestigious awards underscore Waystar’s commitment to driving breakthrough innovations and delivering meaningful client outcomes at scale, particularly in the realm of AI transformation within healthcare. The U.S. healthcare industry faces an annual burden of over $440 billion in administrative costs, with claim denials and prior authorizations being among the most resource-intensive challenges. Waystar’s pervasive integration of artificial intelligence across its platform is actively transforming these complex processes, fostering greater automation, accuracy, and efficiency.
In 2025, Waystar launched Waystar AltitudeAI™, a comprehensive suite of AI-powered capabilities designed to enhance productivity and accuracy in healthcare payments. This innovative platform has demonstrated remarkable results, with its industry-first capabilities in Denial and Appeal Management leading to a 70% increase in appeal productivity and double-digit improvements in overturn rates. For a mid-size health system, these efficiencies are equivalent to freeing up the capacity of nearly 10 full-time employees.
Another key solution, Auth Accelerate, which debuted in 2025, has also garnered significant acclaim. Addressing the more than two billion prior authorizations processed annually, this solution automates end-to-end submissions and achieves industry-leading auto-approval rates exceeding 90%. This level of efficiency translates to the capacity of more than a dozen full-time employees for healthcare providers.
Matt Hawkins, Chief Executive Officer of Waystar, expressed his pride in the company’s achievements, stating, “Waystar is honored to receive top distinctions for technology leadership in AI transformation. 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 patient care.” The Stevie® Awards, judged by over 250 executives worldwide from a record 3,800 nominations, further validate Waystar’s growing national recognition.
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Beyond these accolades, Waystar has also advanced its growth and AI strategy through a definitive agreement to acquire Iodine Software, a recognized leader in AI-powered clinical intelligence. This strategic move reinforces Waystar’s overarching mission to simplify healthcare payments. Serving approximately 30,000 clients and processing over 6 billion healthcare payment transactions annually, Waystar continues to focus on streamlining complex processes to allow providers to prioritize patient care.
