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Waystar CEO has plans to expand in Kentucky, considers IPO: 4 insights

In late 2017, Atlanta-based Navicure bought Louisville, Ky.-based claims management firm ZirMed for a reported $750 million. Matt Hawkins, the newly named CEO of the combined company Waystar hopes to make new hires in the coming years, reports.

Here are four things to know.

1. Waystar uses its Internet-based cloud platform to process billions of healthcare transactions for thousands of physicians, hospital systems and other providers. According to Mr. Hawkins, it helps healthcare providers cut through the complexities of insurance to get paid more quickly and with fewer errors.

2. Waystar has not named a headquarters city, instead maintaining three co-equal offices in Atlanta, Louisville and Chicago, the home of the former MethodCare, a predictive analytics company that ZirMed bought in 2014.

3. According to Mr. Hawkins, Waystar has aggressive growth plans in the coming years with the backing of its owner, Boston-based private equity firm Bain Capital. Waystar is considering an initial public offering on the stock market. Mr. Hawkins did not disclose Waystar's revenue.

4. Waystar currently employs about 300 to 400 people, Mr. Hawkins said, at the Louisville location. He aims to add jobs in Louisville. 

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