Current portfolio

Waystar

Waystar delivers market-leading technology that simplifies and unifies healthcare revenue management

Waystar’s cloud-based platform streamlines workflows and improves billing and collection for healthcare providers of all kinds—and brings more transparency to the patient financial experience.

  • Sektor
    TMT
  • Land
    United States
  • Ansvarig Advisor
    Eric Liu
  • Fond
    EQT VIII
  • Entry
    2019
  • Web
3

Waystar

  • Societal Contribution

  • 3Good health and well-being
  • 8Decent work and economic growth
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About Waystar
The administrative and financial aspects of healthcare are burdened by outdated, manual processes. Waystar’s technology automates previously manual tasks and provides deep insights that can improve decision-making and guide strategy. When the revenue cycle is working as it should, providers can focus their efforts and resources on improving care and the patient financial experience.

Waystar currently supports more than 450,000 healthcare providers, 750 health systems and hospitals, and 5,000 payers and health plans. The company also partners with many leading electronic health record (EHR) vendors and practice management solution providers. Waystar is committed to the development and acquisition of AI and machine learning technology, which, as in many other industries, is the shape of the future.

Market Trends and Drivers
Waystar operates in the ~$5 billion revenue cycle technology market, which is growing at rates well above GDP growth, in line with the broader U.S. healthcare market. This market growth is driven both by expansion of the number of providers and by increasing penetration of technology.

Investment Potential
Waystar has a significant opportunity to take share from competitors that use outdated technology or resource-intensive processes. The company is focused on driving strong organic growth by improving cross-sell to existing clients and by adding new customers, particularly hospitals and health systems. Waystar also has the opportunity to be a consolidator in the highly fragmented revenue cycle management market given the company’s flexible platform and strong track record of successful integrations.

Board of directors

  • Chairperson
    John Driscoll
  • Board member
    Eric Liu
  • Board member
    Michael Douglas
  • Board member
    Matt Hawkins
  • Board member
    James Barrese
  • Board member
    Rob DeMichiei
  • Board member
    Ursula Burns

Management

  • CEO
    Matt Hawkins
  • CFO
    Steve Oreskovich
  • CPO
    Ric Sinclair
  • CTO
    Chris Schremser

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