Waystar, a Louisville, Ky.-based provider of healthcare payments technology, acquired HealthPay24, an EngageSmart solution and a premier enterprise patient payment platform.
The amount of the deal was not disclosed.
With the acquisition, Waystar added a complementary patient financial engagement solution to its payments platform, augmenting its industry leadership in healthcare software.
Led by Matt Hawkins, Chief Executive Officer, Waystar
Founded in 2001, HealthPay24 is an EngageSmart cloud-based patient payment software. The solution equips providers with POS and online payment portals, plus new patient messaging and analytics engines. The solution captures and manages the patient financial responsibility as early as pre-service estimation through post-service, provides flexibility and convenience for online and POS collections, and accelerate productivity to financial posting and reconciliation processes.
Waystar will begin serving HealthPay24’s 2,000 healthcare provider locations and their patients, adding to Waystar’s existing reach of more than one million providers across care settings, and enabling millions of patients to benefit from modern patient financial experience software.
Waystar provides a healthcare payments platform that combines cloud-based software, data, and client support to streamline workflows and improve financials so providers can focus on their patients and communities. Today’s announcement marks the company’s eighth acquisition since 2018, following the strategic additions of organizations like Recondo, eSolutions and Patientco.
FinSMEs
05/08/2023