NASDAQ Framework: Waystar Holding Corp.

Healthcare payments software provider 1, 2, 3.

Waystar Holding Corp. develops a cloud-based software solution for healthcare payments, offering a comprehensive platform that includes financial clearance, patient financial care, claim and payment management, denial prevention and recovery, revenue capture, and analytics and reporting solutions 4 5 6. Founded in 2017 and based in Lehi, Utah, Waystar serves approximately 30,000 clients, representing over 1 million distinct providers, including 18 of 22 institutions on the U.S. News Best Hospitals list 7 8. The company processes over 5 billion healthcare payment transactions annually, amounting to over $1.2 trillion in gross claims, and covering approximately 50% of U.S. patients 9. Waystar aims to simplify healthcare payments, enabling providers to focus on patient care and optimize their financial performance 10.

4: Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payment management, denial prevention and recovery, revenue capture, and analytics and reporting solutions. The company primarily serves healthcare industry. Waystar Holding Corp. was founded in 2017 and is based in Lehi, Utah. [Read more] View Source5: Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payment management, denial prevention and recovery, revenue capture, and analytics and reporting solutions. The company primarily serves healthcare industry. Waystar Holding Corp. was founded in 2017 and is based in Lehi, Utah. View Source6: Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. View Source7: Waystar's mission-critical software is purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize their financial performance. Waystar serves approximately 30,000 clients, representing over 1 million distinct providers, including 18 of 22 institutions on the U.S. News Best Hospitals list. Waystar's enterprise-grade platform annually processes over 5 billion healthcare payment transactions, including over $1.2 trillion in gross claims and spanning approximately 50% of U.S. patients. Waystar strives to transform healthcare payments so providers can focus on what matters most: their patients and communities. View Source8: Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payment management, denial prevention and recovery, revenue capture, and analytics and reporting solutions. The company primarily serves healthcare industry. Waystar Holding Corp. was founded in 2017 and is based in Lehi, Utah. View Source9: Waystar's mission-critical software is purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize their financial performance. Waystar serves approximately 30,000 clients, representing over 1 million distinct providers, including 18 of 22 institutions on the U.S. News Best Hospitals list. Waystar's enterprise-grade platform annually processes over 5 billion healthcare payment transactions, including over $1.2 trillion in gross claims and spanning approximately 50% of U.S. patients. Waystar strives to transform healthcare payments so providers can focus on what matters most: their patients and communities. View Source10: Waystar's mission-critical software is purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize their financial performance. Waystar serves approximately 30,000 clients, representing over 1 million distinct providers, including 18 of 22 institutions on the U.S. News Best Hospitals list. Waystar's enterprise-grade platform annually processes over 5 billion healthcare payment transactions, including over $1.2 trillion in gross claims and spanning approximately 50% of U.S. patients. Waystar strives to transform healthcare payments so providers can focus on what matters most: their patients and communities. View Source

UNKNOWN

The provided facts do not contain any information about whether Waystar Holding Corp. is still led by its founders or if the founders are heavily involved.

MEDIUM RISK

Waystar Holding Corp. has a highly recurring revenue stream driven by a mix of subscription and volume-based sales, which provides significant visibility and supports consistent long-term growth 11. However, the company has a substantial amount of outstanding indebtedness that it plans to repay using the net proceeds from its IPO 12. Additionally, the company's stock performance has been underwhelming since its debut, with shares falling below the initial public offering price 13 14. This combination of strong revenue potential but existing financial obligations and recent stock performance places Waystar in a medium-risk category.

11: “In addition, we believe Waystar has myriad opportunities to drive growth, ranging from same-client product expansions to capturing new logos against a large addressable market opportunity and to expanding to new channel partners and deepening existing partnerships,” added Daniels. “We anticipate the company can grow at roughly a low-double-digit clip on an organic basis over the next three years, largely driven by same client expansions, or net revenue retention. Moreover, in our view, Waystar has an attractive financial model, with a highly recurring revenue stream driven by a mix of subscription and volume-based sales that provide significant visibility.” View Source12: Waystar intends to use the net proceeds from the offering to repay outstanding indebtedness. View Source13: Waystar shares fall 2% in underwhelming Nasdaq debut View Source14: Shares of Waystar fell 2.3% below their initial public offering price in their Nasdaq Global Select Market debut on Friday, giving the healthcare payments company a valuation of $3.50 billion. View Source

NO

The provided facts do not contain any information about Waystar Holding Corp. launching any new product offerings.

Waystar Holding Corp. has outlined a robust expansion strategy for 2024 through 2026, focusing on driving growth through same-client product expansions, capturing new clients, and expanding channel partnerships 15. The company anticipates organic growth at a low-double-digit rate, largely driven by net revenue retention from existing clients 16. This growth will be supported by Waystar's highly recurring revenue stream, which combines subscription and volume-based sales, providing significant financial visibility 17. Additionally, Waystar aims to leverage its cloud-based platform to enhance operational efficiency and cost reduction for healthcare providers, ultimately improving the overall patient and provider experience 18 19.

15: “In addition, we believe Waystar has myriad opportunities to drive growth, ranging from same-client product expansions to capturing new logos against a large addressable market opportunity and to expanding to new channel partners and deepening existing partnerships,” added Daniels. “We anticipate the company can grow at roughly a low-double-digit clip on an organic basis over the next three years, largely driven by same client expansions, or net revenue retention. Moreover, in our view, Waystar has an attractive financial model, with a highly recurring revenue stream driven by a mix of subscription and volume-based sales that provide significant visibility.” View Source16: “In addition, we believe Waystar has myriad opportunities to drive growth, ranging from same-client product expansions to capturing new logos against a large addressable market opportunity and to expanding to new channel partners and deepening existing partnerships,” added Daniels. “We anticipate the company can grow at roughly a low-double-digit clip on an organic basis over the next three years, largely driven by same client expansions, or net revenue retention. Moreover, in our view, Waystar has an attractive financial model, with a highly recurring revenue stream driven by a mix of subscription and volume-based sales that provide significant visibility.” View Source17: “In addition, we believe Waystar has myriad opportunities to drive growth, ranging from same-client product expansions to capturing new logos against a large addressable market opportunity and to expanding to new channel partners and deepening existing partnerships,” added Daniels. “We anticipate the company can grow at roughly a low-double-digit clip on an organic basis over the next three years, largely driven by same client expansions, or net revenue retention. Moreover, in our view, Waystar has an attractive financial model, with a highly recurring revenue stream driven by a mix of subscription and volume-based sales that provide significant visibility.” View Source18: Waystar’s cloud-based software empowers healthcare organizations of all types and sizes with revenue cycle solutions to achieve increased performance, operational efficiency, cost reduction, and strategic growth. View Source19: Waystar’s award-winning platform is designed to meet everyone — healthcare financial leaders, revenue cycle management teams, and patients — where they are with solutions customized for their needs. Our advanced automation enables providers to focus on high-value efforts and put the human touch where it matters most: toward caring for their patients and communities. View Source

Sources

1: Waystar's mission-critical software is purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize their financial performance. Waystar serves approximately 30,000 clients, representing over 1 million distinct providers, including 18 of 22 institutions on the U.S. News Best Hospitals list. Waystar's enterprise-grade platform annually processes over 5 billion healthcare payment transactions, including over $1.2 trillion in gross claims and spanning approximately 50% of U.S. patients. Waystar strives to transform healthcare payments so providers can focus on what matters most: their patients and communities. View Source2: Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payment management, denial prevention and recovery, revenue capture, and analytics and reporting solutions. The company primarily serves healthcare industry. Waystar Holding Corp. was founded in 2017 and is based in Lehi, Utah. [Read more] View Source3: Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payment management, denial prevention and recovery, revenue capture, and analytics and reporting solutions. The company primarily serves healthcare industry. Waystar Holding Corp. was founded in 2017 and is based in Lehi, Utah. View Source4: Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payment management, denial prevention and recovery, revenue capture, and analytics and reporting solutions. The company primarily serves healthcare industry. Waystar Holding Corp. was founded in 2017 and is based in Lehi, Utah. [Read more] View Source5: Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payment management, denial prevention and recovery, revenue capture, and analytics and reporting solutions. The company primarily serves healthcare industry. Waystar Holding Corp. was founded in 2017 and is based in Lehi, Utah. View Source6: Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. View Source7: Waystar's mission-critical software is purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize their financial performance. Waystar serves approximately 30,000 clients, representing over 1 million distinct providers, including 18 of 22 institutions on the U.S. News Best Hospitals list. Waystar's enterprise-grade platform annually processes over 5 billion healthcare payment transactions, including over $1.2 trillion in gross claims and spanning approximately 50% of U.S. patients. Waystar strives to transform healthcare payments so providers can focus on what matters most: their patients and communities. View Source8: Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payment management, denial prevention and recovery, revenue capture, and analytics and reporting solutions. The company primarily serves healthcare industry. Waystar Holding Corp. was founded in 2017 and is based in Lehi, Utah. View Source9: Waystar's mission-critical software is purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize their financial performance. Waystar serves approximately 30,000 clients, representing over 1 million distinct providers, including 18 of 22 institutions on the U.S. News Best Hospitals list. Waystar's enterprise-grade platform annually processes over 5 billion healthcare payment transactions, including over $1.2 trillion in gross claims and spanning approximately 50% of U.S. patients. Waystar strives to transform healthcare payments so providers can focus on what matters most: their patients and communities. View Source10: Waystar's mission-critical software is purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize their financial performance. Waystar serves approximately 30,000 clients, representing over 1 million distinct providers, including 18 of 22 institutions on the U.S. News Best Hospitals list. Waystar's enterprise-grade platform annually processes over 5 billion healthcare payment transactions, including over $1.2 trillion in gross claims and spanning approximately 50% of U.S. patients. Waystar strives to transform healthcare payments so providers can focus on what matters most: their patients and communities. View Source11: “In addition, we believe Waystar has myriad opportunities to drive growth, ranging from same-client product expansions to capturing new logos against a large addressable market opportunity and to expanding to new channel partners and deepening existing partnerships,” added Daniels. “We anticipate the company can grow at roughly a low-double-digit clip on an organic basis over the next three years, largely driven by same client expansions, or net revenue retention. Moreover, in our view, Waystar has an attractive financial model, with a highly recurring revenue stream driven by a mix of subscription and volume-based sales that provide significant visibility.” View Source12: Waystar intends to use the net proceeds from the offering to repay outstanding indebtedness. View Source13: Waystar shares fall 2% in underwhelming Nasdaq debut View Source14: Shares of Waystar fell 2.3% below their initial public offering price in their Nasdaq Global Select Market debut on Friday, giving the healthcare payments company a valuation of $3.50 billion. View Source15: “In addition, we believe Waystar has myriad opportunities to drive growth, ranging from same-client product expansions to capturing new logos against a large addressable market opportunity and to expanding to new channel partners and deepening existing partnerships,” added Daniels. “We anticipate the company can grow at roughly a low-double-digit clip on an organic basis over the next three years, largely driven by same client expansions, or net revenue retention. Moreover, in our view, Waystar has an attractive financial model, with a highly recurring revenue stream driven by a mix of subscription and volume-based sales that provide significant visibility.” View Source16: “In addition, we believe Waystar has myriad opportunities to drive growth, ranging from same-client product expansions to capturing new logos against a large addressable market opportunity and to expanding to new channel partners and deepening existing partnerships,” added Daniels. “We anticipate the company can grow at roughly a low-double-digit clip on an organic basis over the next three years, largely driven by same client expansions, or net revenue retention. Moreover, in our view, Waystar has an attractive financial model, with a highly recurring revenue stream driven by a mix of subscription and volume-based sales that provide significant visibility.” View Source17: “In addition, we believe Waystar has myriad opportunities to drive growth, ranging from same-client product expansions to capturing new logos against a large addressable market opportunity and to expanding to new channel partners and deepening existing partnerships,” added Daniels. “We anticipate the company can grow at roughly a low-double-digit clip on an organic basis over the next three years, largely driven by same client expansions, or net revenue retention. Moreover, in our view, Waystar has an attractive financial model, with a highly recurring revenue stream driven by a mix of subscription and volume-based sales that provide significant visibility.” View Source18: Waystar’s cloud-based software empowers healthcare organizations of all types and sizes with revenue cycle solutions to achieve increased performance, operational efficiency, cost reduction, and strategic growth. View Source19: Waystar’s award-winning platform is designed to meet everyone — healthcare financial leaders, revenue cycle management teams, and patients — where they are with solutions customized for their needs. Our advanced automation enables providers to focus on high-value efforts and put the human touch where it matters most: toward caring for their patients and communities. View Source