3M partnered with healthcare payment technology company Waystar to provide revenue capture services to the customers of 3M's health information systems division, the two companies said Aug. 3.
Through its partnership with 3M, Waystar will use its artificial intelligence-powered technology to improve reimbursement and revenue cycle compliance for healthcare providers.
"We are proud to bring artificial intelligence to help 3M clients solve these perennial challenges and take the manual work out of healthcare payments," Waystar CEO Matt Hawkins said in a news release. "Through our collaboration, we are now able to combine the best of Waystar's technology with 3M's expertise in organizational change. Together, we will empower health systems and hospitals to prevent revenue loss, operate more efficiently and free up resources for patient care."