waystar-remit-deposit-management

JSON twin: https://www.healthaidb.com/software/waystar-remit-deposit-management.json

Company Name

Waystar

Product URL

https://www.waystar.com/our-platform/payment-management/remit-deposit-management/

Company URL

https://www.waystar.com

Categories

Summary

Waystar Remit + Deposit Management automates matching of payer remittances (ERAs) to bank deposits (EFTs/checks) and accelerates payment posting to reduce days in AR.

Description

A cloud-based payment reconciliation solution that centralizes remit and deposit processing, automatically uploads and matches bank files and payer ERAs, identifies missing or inaccurate deposits, and automates posting and final balancing to streamline revenue cycle operations.

Api Available

yes

Certifications

Company Founding

2017

Company Offices

Compliance

Customers

Data Residency

US-based hosting/operations

Data Standards

Deployment Model

Features

Id

P1796

Integration Partners

Integrations

Languages Supported

Last Updated

2025-09-07

License

commercial/proprietary

Links

Market Segment

Optional Modules

Os Platforms

Pricing Details

Contact vendor for pricing, tiers, and trial/demo information.

Pricing Model

enterprise_quote

Privacy Features

Ratings

Regions Available

Release Year

Security Features

Specialties

Support Channels

System Requirements

Target Users

Training Options

Type

product

User Reviews

Version

1.0

Canonical JSON

{
  "company_name": "Waystar",
  "company_url": "https://www.waystar.com",
  "company_offices": [
    "United States"
  ],
  "company_founding": "2017",
  "product_url": "https://www.waystar.com/our-platform/payment-management/remit-deposit-management/",
  "categories": [
    "administrative",
    "payment management",
    "revenue cycle management",
    "payment reconciliation",
    "financial clearance"
  ],
  "market_segment": [
    "enterprise",
    "smb"
  ],
  "links": [
    "https://www.waystar.com/our-platform/payment-management/remit-deposit-management/",
    "https://www.waystar.com/",
    "https://www.waystar.com/about-us/",
    "https://www.waystar.com/contact-us/",
    "https://www.waystar.com/privacy-policy/",
    "https://elion.health/categories/payment-reconciliation/products",
    "https://www.g2.com/products/waystar/reviews",
    "https://www.capterra.com/p/178075/Waystar/",
    "https://investors.waystar.com/",
    "https://www.sec.gov/Archives/edgar/data/1990354/000110465923109397/tm2324110-6_s1.htm"
  ],
  "summary": "Waystar Remit + Deposit Management automates matching of payer remittances (ERAs) to bank deposits (EFTs/checks) and accelerates payment posting to reduce days in AR.",
  "description": "A cloud-based payment reconciliation solution that centralizes remit and deposit processing, automatically uploads and matches bank files and payer ERAs, identifies missing or inaccurate deposits, and automates posting and final balancing to streamline revenue cycle operations.",
  "target_users": [
    "revenue cycle managers",
    "billing specialists",
    "payment posting staff",
    "financial analysts",
    "hospital/health system administrators",
    "billing services/third-party administrators",
    "IT/integration teams"
  ],
  "specialties": [
    "health systems",
    "hospitals",
    "physician groups",
    "ambulatory surgery centers",
    "federally qualified health centers (FQHC)",
    "home health",
    "hospice",
    "skilled nursing",
    "imaging centers",
    "clinical laboratories"
  ],
  "regions_available": [
    "United States"
  ],
  "languages_supported": [
    "English"
  ],
  "pricing_model": "enterprise_quote",
  "pricing_details": "Contact vendor for pricing, tiers, and trial/demo information.",
  "license": "commercial/proprietary",
  "deployment_model": [
    "SaaS"
  ],
  "os_platforms": [
    "Web"
  ],
  "features": [
    "Auto-reconcile payer deposits",
    "Automatic remit-to-claim matching and payment posting",
    "Split remits/payments across multiple providers/systems",
    "Searchable remits and deposit records",
    "Dashboard with payer/payment activity and failed conversion reporting",
    "Advanced reporting and analytics for remittance",
    "Paper EOB conversion to electronic remits",
    "Payer lockbox / searchable electronic 835s",
    "Enrollment management for payer connections",
    "Discrepancy detection for missing or inaccurate deposits"
  ],
  "optional_modules": [
    "Payer Lockbox (EOB conversion)",
    "EOB Conversion services"
  ],
  "integrations": [
    "Epic",
    "MEDITECH",
    "Practice Management / HIS systems (general)",
    "Payer networks / clearinghouse connections (5,000+ payer connections per Waystar)"
  ],
  "data_standards": [
    "X12 835 (electronic remittance advice)",
    "ACH / EFT (electronic payments)"
  ],
  "api_available": "yes",
  "system_requirements": "",
  "compliance": [
    "HIPAA"
  ],
  "certifications": [],
  "security_features": [
    "Encryption (in transit and at rest)",
    "Role-based access control (RBAC)",
    "Single sign-on (SSO) / SAML support",
    "Audit logging"
  ],
  "privacy_features": [
    "Business Associate Agreement (BAA) available",
    "EOB conversion with searchable redaction/workflow"
  ],
  "data_residency": "US-based hosting/operations",
  "customers": [
    "Novocure",
    "Physical Therapy Billing Management",
    "EyeSouth Partners",
    "AdventHealth",
    "Permian Regional Medical Center",
    "SCA Health"
  ],
  "user_reviews": [
    "The automation coming through Waystar is the biggest pickup for us. We no longer have to go back to PFS to fix outstanding items, or manually post payments — all of that happens through automation.",
    "I love Waystar!",
    "Customer service is amazing — fast resolution and easy to view claims and add notes.",
    "95% remit-to-claim match rate saved our team hours and reduced days in AR.",
    "Reliable and easy to use, speeds up verification and posting."
  ],
  "ratings": [
    "G2: 4.4/5 (≈117 reviews)",
    "Best in KLAS 2023 (awarded)",
    "Black Book market research recognition",
    "HFMA Peer Reviewed",
    "HITRUST certified",
    "AICPA SOC2 compliant",
    "PCI DSS compliant"
  ],
  "support_channels": [
    "email",
    "phone",
    "chat",
    "ticketing",
    "community"
  ],
  "training_options": [
    "documentation",
    "webinars",
    "live_online",
    "onsite",
    "certification"
  ],
  "release_year": "",
  "integration_partners": [
    "Epic",
    "Cerner",
    "NextGen",
    "Allscripts / Veradigm",
    "eClinicalWorks",
    "Meditech",
    "GE Centricity",
    "AdvancedMD",
    "Kareo",
    "Raintree",
    "Athenahealth",
    "Brightree",
    "Surgical Information Systems (SIS)",
    "NetPractice",
    "Practice Management (various PM/HIS listed)",
    "Zotec",
    "McKesson (Horizon)",
    "Credible",
    "CareCloud",
    "Clinic/PM systems (supported systems list)"
  ],
  "id": "P1796",
  "slug": "waystar-remit-deposit-management",
  "type": "product",
  "version": "1.0",
  "last_updated": "2025-09-07",
  "links_json": {
    "self": "https://www.healthaidb.com/software/waystar-remit-deposit-management.json"
  }
}