Waystar Clearinghouse Review

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What They Say About Themselves

Waystar is the combination of Navicure and ZirMed, the two top-rated providers of revenue cycle technologies. Waystar simplifies and unifies the healthcare revenue cycle with innovative technology that allows clients to collect more with less cost and less stress, so they can focus on their goals, patients and communities.

Healthcare organizations from the largest hospital systems to the smallest practices face unprecedented revenue cycle challenges. Changing reimbursement models, increasing patient financial responsibility, industry consolidation, and regulatory mandates are pressuring both revenue and costs. These organizations can’t face it successfully alone.

Waystar provides cloud-based healthcare technology that simplifies and unifies revenue cycle management in every care setting. Our goal is to financially empower healthcare organizations so that they can focus on their goals, patients, and communities.

Waystar’s revenue cycle technology will help you address:
· Declining reimbursements and excessive AR days
· Increasing patient responsibility
· Changing reimbursement models
· Rising operating costs and budget constraints
· The need for interoperability across systems
· Staffing issues
· Regulatory mandates
· The need to continuously benchmark performance and improve results
· The need for faster workflows, and quicker access to information

Navicure and ZirMed are recognized as industry leaders, collectively scoring Best in KLAS® claims clearinghouse every year since 2010, including 2018, and earning multiple #1 rankings in both medical claims processing and patient payment solutions from Black Book™ surveys since 2012. ZirMed has received the “Peer Reviewed by HFMA” designation through the Healthcare Financial Management Association (HFMA). The combined company supports more than 400,000 providers, hospitals, health systems and ambulatory services organizations and partners with the leading EHR and practice management solution providers.

What we Say About Them

What is unique about Waystar? Waystar excels at its cloud-based revenue cycle management platform as an all-in-one package. Anyway, it can assist healthcare organizations in enhancing the efficiency; reduce costs and expansion in a strategic manner. Below are the top features of how it differs from others—

1. End-to-End Revenue Cycle Optimization — Waystar combines everything from financial clearance to claim management and analytics in a single platform. This holistic approach streamlines processes and improves productivity future.

2. Automate to Save Time — The platform comes equipped with smart automation features, enabling healthcare organizations to automate their manual work so they can focus on more critical activities thereby enhancing productivity. Several customers have profited significantly from back-office robotics and remaining days in account debut.

3. Financial Clarity — With solutions that allow healthcare organizations to verify insurance benefits and automate prior authorizations, Waystar is able to streamline payments while providing transparency into the financial side of the organization.

4. Patient-Centric: There are features dedicated to patients such as self-service payments and personalized messaging that enhances the patient experience.

5. Partnership with Value: With a long history of delivering actual results for clients—massive financial performance lifts, cheap collection expenses, and higher rates of patient payment—Waystar brings to the table a trusted partnership that drives value.

6. “Clients Love Us”: Waystar has high animosities in success and product innovation, but the firm is also a top knees-getter for health care payments.

Long story short, Waystar’s goal is to create a one-two punch: a solution that drives the financial success of healthcare organizations and simultaneously improves the patient experience.

So what is it that makes Waystar’s clearinghouse different? The Waystar clearinghouse also includes some rad features that remove the traditional barriers of entry for other clearinghouses.

1. Sleek Blend – It blends seamlessly with the overall revenue cycle management solution, thus making workflow easier by reducing multiple systems working towards claim processing.

2. ⏯️ Automated Claim Management: Many of the claim-related processes such as submissions, tracking etc through a clearinghouse are automated which reduces errors and saves time for payments to be processed.

3. Insights on Claims Status in Real Time: Real-time status updates allow healthcare organizations to track submitted claims, identify issues at an early stage and proactively manage their claims process.

4. Improved Denial Management: Solutions for denial prevention and recovery management keep cash moving by helping organizations effectively respond to denials when they arise.

5. Reduction in clearinghouse expense: Waystar provides its users with significant cost savings when it comes to clearinghouse services—a critical consideration for many healthcare providers trying to cut costs.

6. Users are at the heart of Waystar, so we built an intuitive interface with easy-to-use navigation that allows staff to manage claims easily.

7. High Client Satisfaction — Waystar’s clearinghouse services are effective and reliable, consistently earning high marks from users in client surveys.

So, all in all with Waystar’s clearinghouse you not only get one that effectively integrates into a complete revenue cycle management (RCM) system but also high levels of automation, real-time insights and dynamic focus on denial management —saving both Healthcare organizations time and money!