PYMNTS.com February 1, 2024
Healthcare payments firm Waystar has launched a collaboration with electronic health records provider Meditech.
The partnership, announced Thursday (Feb. 1), lets healthcare organizations that use Meditech leverage Waystar’s platform to simplify their financial operations.
“As administrative expenses increasingly weigh on the U.S. healthcare system, partnerships like Waystar and Meditech are essential to reducing the burden on providers and patients,” the companies said in a news release.
The release cited data from the Journal of the American Medical Association showing the annual cost of wasteful healthcare spending ranging from$760 billion to $935 billion in recent years, or nearly 25% of total healthcare spending.
The companies said Waystar’s cloud-based platform addresses the problem by using artificial intelligence (AI) and advanced...
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