3M Partners With Waystar To Provide Revenue Capture Solutions

3M Co MMM enters into a strategic partnership with Waystar to provide revenue capture solutions to 3M Health Information Systems division clients.
In collaboration with 3M, Waystar's AI-powered technology will allow providers, health systems, and hospitals to improve operational efficiency and compliance and collect appropriate, fuller reimbursement.
Waystar provides next-generation, cloud-based technology that simplifies and unifies healthcare payments.
Waystar's revenue capture solutions leverage data from claims processed on its platform, representing 500,000 providers and 40% of the U.S. population.
By combining Waystar's technology expertise and 3M's ability to usher in organizational change, the partnership will help targeted healthcare organizations implement processes to collect on the missing charges identified efficiently.
Price action: MMM shares closed higher by 1.78% at $201.03 on the last check Tuesday.