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Healthcare revenue cycle management is, structurally, a problem of handoffs.
Eligibility verification, prior authorization, claims submission, denial management, payment posting: each sits in its own processing layer, and for years the market answer was a separate point solution at each stage.
The integration overhead on health systems running five or six disconnected vendors was real and recurring.
Against that backdrop, KLAS Research awarded Waystar (Nasdaq: WAY) an overall "A" rating for its Revenue Cycle Suites in a July 21, 2026 report, with a finding that speaks directly to the fragmentation problem: clients running multiple Waystar capabilities in combination recorded the strongest operational outcomes.
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