Boost collections without irksome credit checks using Waystar’s solution for patient payment arrangements. This software identifies patients’ propensity to pay, helps with prior authorizations and boosts denial management efficiency.
31 Waystar employees rate their workplace culture a C- on Comparably. This includes ratings of their managers, executives, and coworkers.
A healthy work-life balance is important to employees because it improves their health and helps them feel connected to the people in their lives outside of work. Companies that prioritize work-life balance often offer flexible schedules, opportunities for part-time workers, and childcare assistance.
Employees who lack a good work-life balance can experience stress and burnout, which can affect their physical and mental health. They also may be more likely to suffer from chronic diseases like heart disease, diabetes and depression.
Companies that prioritize a good work-life balance typically see higher employee retention rates. Hiring new employees is expensive and time consuming, and businesses with strong work-life balance programs are often more attractive to job candidates. They’re also better able to attract younger generations of workers. In addition, a positive work-life balance can boost productivity by improving morale and decreasing absenteeism.
Health & Wellness
Waystar’s software enables hospitals and medical facilities to streamline accounts receivable workflows, review claims denial trends, and identify the insurance coverage of patients, helping reduce write-offs and bad debt. It also helps healthcare organizations enhance collections without irksome credit checks. It can also detect missed payments and ERAs to prevent revenue leakage. Its 98.5 percent first-pass clean claims rate and automated claim processing help to ensure that all claims are submitted accurately the first time.
The acquisition of HealthPay24 complements Waystar’s existing patient financial engagement expertise and supports the company’s mission to simplify healthcare payments for both providers and patients. The deal also accelerates Waystar’s ability to expand its reach in the fast-growing healthcare payments space, the company said in a statement.
Fitch believes Waystar has a solid growth opportunity driven by secular tailwinds from U.S. healthcare spending and utilization trends. The ratings also factor in a strong client retention profile, high switching costs and robust cross sales efforts and a history of share gains.
Waystar offers retirement benefits to help employees prepare for their future. Employees can choose from a number of investment options to ensure they have a secure financial future when they retire. Waystar also offers competitive health and life insurance plans, as well as a generous PTO package.
Founded in 2017 through the merger of top-ranked revenue cycle management providers Navicure and ZirMed, Waystar delivers simpler, unified revenue cycles with meaningful price transparency for patients. Its solutions reduce the friction in financial clearance processes by simplifying the workflow and reducing manual activities.
Waystar’s revenue growth is supported by a favorable healthcare market environment of increasing claim processing volumes and continued profitability pressures that promote adoption of RCM software. Waystar’s strong client retention rates, low switching costs and robust sales efforts support its healthy market share gains.
Paid Time Off
Waystar offers a competitive total rewards package, with employees earning an average yearly salary of $87,661. This includes flexible paid time off that starts at three weeks + 16 holidays. They also offer a 401(K) program with company match and pet insurance.
PTO policies usually lump together vacation, sick and personal days into a single bank that employees can use whenever they need to be away from work. This can be helpful for companies that don’t want to have separate categories for each type of leave and makes it easier for employees to manage their time off.
Waystar is a healthcare claims clearinghouse that helps hospitals & healthcare organizations streamline accounts receivable workflows. They also help reduce claim denials & bad debt through accurate patient insurance verification. Their software is scalable & integrates with over 500 leading healthcare systems. Waystar is a great choice for specialty healthcare groups, such as internal medicine, OB/GYN, ambulance, behavioral health & hospice care.