14 Best New Stocks to Buy Right Now

6. Waystar Holding Corp. (NASDAQ:WAY)

Number of Hedge Fund Holders: 48

Waystar Holding Corp. (NASDAQ:WAY) is one of the best new stocks to buy right now. On September 16, Waystar reinforced its leadership in AI-powered software by announcing breakthrough innovations at its Fall Innovation Showcase. These advancements, branded Waystar AltitudeAI, are designed to elevate denial prevention and reimbursement recovery, helping providers tackle the financial challenges of $20 billion lost in denial recovery efforts and $17 billion in uncompensated care tied to bad debt.

Waystar’s platform is already delivering over 90% time savings and a 135% lift in pre-service patient collections for early adopters. The new AI-powered solution for denial appeals is the industry’s first scaled, end-to-end offering, allowing mid-size health systems to create hundreds of appeal packages over 90% faster, cutting time from 38 hours to 2, and reallocating the equivalent of 13 full-time employees.

Early adopters are already overturning 40% more denials. For prevention, Waystar AltitudeAI uses insights to address the fact that over 60% of denials are preventable, cutting denial-prevention work from 133 hours to under 6, a 95% time savings. To address uncompensated care, Waystar introduced an advanced pre-service cost estimation capability, which has helped early adopter clients increase pre-service patient payments from 17% to 40% of total payments.

Waystar Holding Corp. (NASDAQ:WAY) develops a cloud-based software solution for healthcare payments. The company’s platform offers financial clearance, patient financial care, claim and payment management, denial prevention and recovery, revenue capture, and analytics and reporting solutions.