The Utah Governor’s Office of Economic Development (GOED) and the Economic Development Corporation of Utah (EDCUtah) are pleased to announce that Waystar will open an office in Utah, creating up to 70 new high-paying jobs in the next seven years. The company projects $1 million in capital expenditures associated with the project.
“Waystar will be a great addition to Utah’s tech scene. We’re excited for the high-paying jobs they’ll bring to the state,” said Val Hale, GOED’s executive director. “This expansion will help Waystar better serve its customers in the western area of the country, and we wish them the best as they continue to expand.”
Waystar is a cloud-based healthcare payments platform used by more than 450,000 healthcare providers and 750 health systems across the country. The company’s state-of-the-art technology automates payments processes and manual tasks, offers price transparency for patients and enables providers to focus on improving care. Waystar is regularly recognized for its market-leading technology and high levels of client satisfaction.
“Waystar is grateful for the opportunity to join the Utah business community, and we greatly appreciate Gov. Herbert’s support and growth-oriented mindset. We’re excited by this next stage of expansion for our company and our team,” said Matt Hawkins, CEO of Waystar. “Fundamentally, any software business is a people business. We look forward to tapping into the Utah talent pool to find talented, tech-focused people ready to help us advance our mission of simplifying and unifying healthcare payments.”
The GOED Board has approved a post-performance tax credit not to exceed $408,959 over the seven-year life of the contract.
“Waystar in some ways represents the convergence of Healthtech and Fintech, which are two areas of concentration in Utah’s economy,” said Theresa A. Foxley, president and CEO of the Economic Development Corporation of Utah (EDCUtah). “There is an abundance of talent here, and we look forward to helping them grow in our market.”
Erin Farr, senior business development manager, led this project for EDCUtah.