AdvancedMD, a leading provider of cloud-based healthcare software for independent medical practices, today announced an expansion of its Waystar-powered revenue cycle offerings, introducing significant capabilities designed to strengthen healthcare payments and financial transparency across the patient-to-payer journey. The expansion leverages advanced automation and AI capabilities, including Coverage Detection, Denial and Appeal Management, Paper-to-Electronic EOB Conversion, and Analytics, to help independent practices save time, reduce administrative burden, and strengthen financial performance.
These enhancements arrive at a crucial time for ambulatory care providers. According to a survey conducted by Physicians Practice, 85% of medical groups rated their payers as below average or poor when it comes to payment and reimbursement issues. When asked about their biggest payer challenges, low reimbursement rates topped the list, followed by claim denials and “getting paid.” Meanwhile, nearly 30% of medical group owners surveyed by the Medical Group Management Association (MGMA) say that patient balance collections were worse in 2025 than the previous year.
According to Amanda Sharp, AdvancedMD CEO, “As a leading provider of healthcare office software for independent practices, we know the struggles and friction our customers face day to day. Our goal is to help providers and their staff improve daily workflows so they can prioritize patient care over paperwork. With the availability of these Waystar capabilities, our customers gain access to effective solutions that not only help improve claims and payment processes, but also positively impact their bottom line. It’s one more way AdvancedMD moves care forward, giving providers the tools they need to practice their way—without delay.”
Now available through the AdvancedMD portal, the following Waystar capabilities help increase payment collections, improve clean-claim submissions, enhance reporting workflows, and deliver deeper insight into revenue cycle performance:
- Coverage Detection: Uses advanced automation to leverage Waystar’s proprietary data to identify additional billable coverage. The capability helps practices reduce eligibility-related denials, bad debt, and uncompensated care without manual work.
- Denial and Appeal Management: Applies AI-powered prioritization to surface high-impact denials, reducing manual appeal efforts. Prebuilt workflows, templates, and root-cause reporting help teams act faster and prevent future denials across the revenue cycle.
- Claim Attachments: Streamlines electronic attachment submission and tracking with advanced automation, helping providers reduce administrative burden and costs. Industry research estimates that adoption of electronic claims attachment workflows could generate more than $100 million in annual savings for providers compared to manual processes.
- Analytics: Delivers a comprehensive view of revenue cycle performance through hundreds of KPIs, prebuilt reports, and configurable dashboards that surface actionable insights for faster, more informed decision-making.
- Remit and Deposit Manager: Matches payer remittances and deposits, automating remit reconciliations to reduce manual work, surface accounts receivable bottlenecks, and accelerate cash flow.
- EOB Conversion: Converts paper explanations of benefits into standardized electronic files posted alongside electronic remittance advice (ERA), eliminating manual posting errors and improving efficiency. Industry research estimates that broader adoption of electronic remittance workflows could generate nearly $900 million in annual provider cost savings nationwide.
- Patient Estimation: Calculates accurate patient responsibility estimates prior to visits, supporting upfront payment collection and financial transparency with proven estimate accuracy nine out of ten times.
For more information, visit: www.advancedmd.com.
Forward-Looking Statements
This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that reflect current views with respect to, among other things, statements regarding Waystar’s expectations relating to future operating results and financial position; the performance of its product offerings; Waystar industry and market opportunities, business strategy, goals, and expectations concerning our market position, future operations, margins and profitability, capital expenditures, liquidity, and capital resources and other financial and operating information. Forward-looking statements include all statements that are not historical facts. The forward-looking statements contained in this press release are based on current expectations and are not guarantees of future performance. Any forward-looking statements relating to Waystar are subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify, including those that are discussed in Waystar’s most recently filed annual reports on Form 10-K and quarterly reports on Form 10-Q and subsequent Securities and Exchange Commission filings. Waystar assumes no obligation to update any forward-looking statements, which speak only as of the date they are made.
About AdvancedMD
AdvancedMD is how private healthcare practices move care forward. By streamlining workflows—from scheduling and patient intake to charting and revenue cycle management—the unified cloud platform empowers providers and patients to forge a strong care relationship. Everyday friction and administrative burdens can hold organizations back. Tasks such as chasing reimbursements, managing increased patient volume, after-hours charting, and manual workflows often make growth feel impossible. AdvancedMD addresses these challenges by allowing providers to practice their way, speed up their day, and get support without delay. AI-assisted processes and a robust feature set support this approach and are why more than 13,000 practices and 850 billing companies rely on AdvancedMD. And it’s how they process more than 9.5 million claims per month with a 95% first-pass acceptance rate guarantee. AdvancedMD. Move care forward. For more information, visit www.advancedmd.com.
About Waystar
Waystar’s mission-critical software is purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize their financial performance. Waystar serves over 30,000 clients, representing over 1 million distinct providers, including 16 of 20 institutions on the U.S. News Best Hospitals list. Waystar’s enterprise-grade platform annually processes over 7.5 billion healthcare payment transactions, including over $2.4 trillion in annual gross claims and spanning approximately 60% of U.S. patients and one in three U.S. hospital discharges. Waystar strives to transform healthcare payments so providers can focus on what matters most: their patients and communities. Discover the way forward at waystar.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260722577802/en/
Media gallery
