Waystar Study Highlights AI’s Critical Role, Proven ROI in Healthcare Payments

Waystar Holding Corp. (NASDAQ:WAY) is one of the best new stocks to buy now. On June 23, Waystar announced the findings of a commissioned study conducted by Forrester Consulting. The study is titled “AI in Healthcare Payments Software: A Strategic Imperative,” and revealed that AI is becoming increasingly critical in revenue cycle management/RCM due to its proven impact and measurable ROI.

The research shows acceleration in AI adoption within healthcare. 82% of healthcare leaders now consider AI an integral part of their RCM operations, with 70% identifying it as a top organizational priority. The study also found that AI is delivering improvements in key revenue cycle metrics, such as a 13% to 37% improvement in high-impact areas such as claim accuracy, denial prevention, workforce efficiency, and payment speed.

Waystar Study Highlights AI's Critical Role, Proven ROI in Healthcare Payments

A medical professional with a patient explaining the effects of neurostimulation treatments.

Trust in AI is growing, with 60% of decision-makers reporting increased confidence since implementing AI. ~ 70% of healthcare leaders view AI as a high or critical organizational priority, and 60% plan to increase their AI investment. The study is based on responses from 300+ healthcare leaders and highlights a preference for existing RCM software partners when it comes to AI capabilities. Waystar serves ~30,000 clients and represents over 1 million distinct providers, including 16 of the top 20 institutions on the US News Best Hospitals list.

Waystar Holding Corp. (NASDAQ:WAY) develops a cloud-based software solution for healthcare payments.

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Disclosure: None. This article is originally published at Insider Monkey.