Overview
Waystar offers end-to-end revenue cycle management, simplifying workflows across finance, billing, and payments. While the platform's extensive range of features may present a learning curve for new users, its comprehensive suite of tools is designed to enhance financial performance, reduce administrative burdens, and improve the overall patient experience.
Overall Rating
Based on 15 users reviews
4.4
Rating Distribution
Positive
87%
Neutral
7%
Negative
7%
Starting Price
Custom
Waystar Specifications
Appointment Management/Scheduling
e-Prescriptions
Lab Integration
Patient Portal
What Is Waystar?
Overview
Waystar is a cloud-based healthcare revenue cycle management platform that offers end-to-end solutions to simplify revenue cycle workflows. By leveraging advanced analytics, automation, and real-time data insights, it helps healthcare providers optimize billing processes, manage claims more efficiently, and ensure compliance with industry regulations. Committed to transforming the healthcare financial landscape, Waystar empowers its clients to focus on delivering high-quality patient care while achieving greater financial stability and operational efficiency.
What Is Waystar Best For?
Waystar stands out with its single-platform approach. Unlike other point solutions, it offers all revenue cycle capabilities in a unified solution, bringing together financial clearance, billing, coding, and payment functions. This allows providers to have end-to-end visibility and control of the revenue cycle on one dashboard.
Waystar Pricing
Waystar Integrations
The software integrates with the following third-party software:
How Does Waystar Work?
Here’s how to get started with the software after its successful installation:
- Log in to the Waystar centralized dashboard
- Configure system users and permissions for security and access control
- Streamline your financial clearance workflow by conducting thorough eligibility checks
- Setup charge integrity rules to capture complete and accurate charges
- Define billing rules and authorized billing codes libraries
- Facilitate seamless data exchange by integrating with external partners and systems
Who Is Waystar For?
The software is suitable for the following healthcare settings:
- Ambulatory Surgery Centers
- Clinical laboratories
- FQHC
- Home health + hospice
Is Waystar Right For You?
Is your billing department drowning in manual tasks?
Waystar could be the lifejacket your revenue cycle needs to stay afloat. With built-in automation and intelligence, mundane tasks are taken off users' plates so they can focus on strategic duties. Complex workflows run seamlessly in the background with minimal oversight.
Data security and compliance are a top priority at Waystar. The platform meets industry standards with bank-grade encryption, role-based access and detailed audit trails. Regular third-party assessments ensure information is protected.
Still unsure if it's the right choice for you? Contact us at (661) 384-7070 and let our experienced team assist you in making an informed decision.
Waystar Features
Waystar's financial clearance module simplifies the front end of the revenue cycle. It offers real-time eligibility verification, automated prior authorization tracking, and patient estimation tools. Providers can offer instant price transparency to patients. The system reduces claim denials by verifying benefits upfront. It also flags outstanding balances for collection before a claim is filed.
The revenue capture feature ensures complete and accurate charge capture. It validates charges against billing guidelines to avoid revenue leakage. The system detects unbilled services using analytics and highlights them for coding. Revenue capture reduces manual efforts with claims scrubbing and billing intelligence.
Waystar's claim manager simplifies claim submission processes. It offers features like automated claim monitoring and attachment management. The system tracks Medicare, Medicaid, and commercial claim workflows. Automated alerts notify users about rejected or pending claims. Claim management improves turnaround time, compliance, and overall reimbursements.
The payment management module streamlines payment posting, ERA reconciliation, and deposit management. It interfaces with multiple payer portals for Electronic Funds Transfers. Users can configure rules-based posting of payments and EOBs. The system calculates contractual adjustments and timely filing deadlines. Agencies can leverage self-service portals to pay invoices online.
Powerful reporting tools offer critical business intelligence. Users access role-based customizable dashboards and reports. They can filter data to spot problems and take prompt action. Standard templates alongside ad-hoc reporting capabilities improve decision-making. Managers can track KPIs, compare performance, and devise strategies with easily understood visuals.
