Waystar announced on February 28, 2025, the launch of its Auth Accelerate solution, a major expansion of its advanced automation capabilities. This solution is designed to streamline the prior authorization process from start to finish, addressing a top investment priority for healthcare providers in 2025.
Prior authorizations are a significant challenge, consuming up to 24 minutes per authorization and contributing to administrative burdens. Waystar Auth Accelerate automates every step of the submission process, reducing submission times by 70% and boosting auto-approval rates to an impressive 85%.
The innovation also decreases the average wait time for payer approval by 75%, cutting the timeframe from over four days to one day or less. Prisma Health, South Carolina's largest healthcare organization, was among the first to implement Auth Accelerate, experiencing significant operational improvements.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.