Waystar Acquires Digitize.AI To Automate Prior Authorization

Waystar announced the acquisition of Digitize.AI, an artificial intelligence technology firm providing the health care industry with faster and smarter prior authorizations; financial terms of the transaction were not disclosed. This latest acquisition demonstrates Waystar’s commitment to prioritizing cutting-edge technology in order to provide health care partners with transformative solutions at scale.

Prior authorizations, the process by which insurance companies and payers determine if they will cover a prescribed procedure or medication, are meant to help health care consumers avoid surprise bills and unexpected out-of-network costs. The largely manual process of prior authorization is time . . .