Waystar Revenue Cycle Technology Review - why 4.5 stars?

Waystar Revenue Cycle Technology Review
ITQlick Score: 83/100
ITQlick Rating:
Pricing: 3/10 - low cost
Category: Medical -> Waystar review
Ranking:Ranked 100 out of 693 Medical systems
Company: Waystar
Pricing: starts at $100 per user/month
Typical customers: Small, medium and large size businesses
Platforms: Cloud
Links: Waystar Revenue Cycle Technology pricing, Waystar Revenue Cycle Technology alternatives
Shlomi LaviShlomi Lavi / updated: Jul 02, 2022

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What is Waystar Revenue Cycle Technology?

Waystar is a cloud-based health software that helps healthcare systems to manage their administrative as well as clinical processes. The software uses its algorithms to predict claim denials as well as revenue leakages; upon the prediction of these claim denials, it automatically sends workable denials to workgroups that have been assigned to it.

The software makes it possible for healthcare organizations to automatically share remits amongst various providers. The software’s top features include denial management, claim management, patient financial clearance, revenue integrity, agency management as well as patient insights.

Waystar is a privately held software company with headquarters in Louisville, Kentucky, US’ and it has a staff capacity of 500 to 1000 employees. Waystar received the Frost and Sullivan North America Customer Value leadership award for ambulatory RCM in the year 2019.

Who is it best for?

The typical customers include the following business size: Small, medium and large size businesses.

What is the actual cost?

The cost of license starts at $100 per user/month. ITQlick pricing score is 3 out of 10 (10 is most expensive). Access ITQlick pricing guide for Waystar Revenue Cycle Technology. You can also find here pricing information from Waystar Revenue Cycle Technology's website.

Pros

  • The software allows the possibility of carrying out various functions like insurance and billing in easy steps
  • The rejected claim dashboard on the software makes the user stay up to date
  • Waystar allows the electronic submission of claims to various payers

Cons

  • The claims status doesn’t update when the claim is paid
  • Customer care service delays before proffering solutions to complaints

How it stacks up?

Access a head to head analysis of Waystar Revenue Cycle Technology vs alternative software solutions.
ITQlick rating
Score
Pricing
License pricing
Functionality
Review
Compare
Waystar
ITQlick rating
4.5/5
Score
83/100
Pricing
3/10
License pricing
$100 per user/month
Functionality
10
Compare
NextGen ...
ITQlick rating
4.5/5
Score
99/100
Pricing
2/10
License pricing
$299 per provider/month
Functionality
20
Practice...
ITQlick rating
4.5/5
Score
99/100
Pricing
2.6/10
License pricing
$149 per provider/month
Functionality
41
WebPT
ITQlick rating
4.4/5
Score
98/100
Pricing
4/10
License pricing
$3 per provider/day
Functionality
30
Review
eClinicalWorks
ITQlick rating
3.4/5
Score
97/100
Pricing
5.2/10
License pricing
$449 per provider/month + 2.9% of practice collections
Functionality
41

Frequently Asked Questions (FAQs)

Is it the best Medical system?

Waystar Revenue Cycle Technology is ranked 100 out of 693 software in their category (Medical systems).

How they are rated on ITQlick?

The rating of Waystar Revenue Cycle Technology is 4.5 stars out of 5 and the total score is 83 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, Waystar Revenue Cycle Technology makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

No, currently Waystar Revenue Cycle Technology can't be accessed on mobile, you would need to access it from your computer.

Differences between Waystar Revenue Cycle Technology and alternatives?

The most popular alternatives to Waystar Revenue Cycle Technology in 2023: NextGen Enterprise EHR, Practice fusion, WebPT, eClinicalWorks, AdvancedMD. Access the complete competitors analysis here - Waystar Revenue Cycle Technology VS Medical Software alternatives.

Is Waystar Revenue Cycle Technology right for you or your business?

Waystar is ideal for physicians, hospitals, and healthcare providers in small medium and large healthcare outfits. Waystar software simplifies the entire cycle involved in the systems healthcare providers, physicians and healthcare organizations track and collect revenues for services provided to their patients.

List of categories

Case Management
Customer Loyalty
Compliance
Claims Management
Electronic Statements
Hospital Management
Medical Billing
Medical Practice
Patient Billing Estimate
Remittance Advice

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.