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Waystar10-K: Labor shortage

Target clients face severe staffing shortages, with 63% of revenue cycle teams understaffed

What happened

Waystar's target market is experiencing a critical labor shortage and rising costs, with hospital labor expenses increasing by $51 billion year-over-year. This intense operational and financial pressure creates a strong demand for automation solutions that can reduce reliance on manual processes and lower labor costs.

Source

SEC EDGARFeb 17, 2026

Annual report (Form 10-K)

Waystar 10-K for FY2025

Filing excerpt

Increasing labor and administrative costs. According to an American Hospital Association report, labor constituted 56% of hospital expenses in 2024.

sec.gov/Archives/edgar/data/1990354/000199035426000011/way-20251231.htmRead the full source

Other signals in this filing (10)

Extracted by Autobound

From the Signal API record
Signal
10-K: Labor shortage

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2025
Fiscal year end
12/31
Filed
Feb 17, 2026

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The full record

From the Signal API record

Numbers

Dollar figure
$51B (Increase in hospital labor costs from 2023 to 2024)
Percent
63% (of revenue cycle leaders who say their teams are understaffed)

Details

CIK
1990354
Accession number
0001990354-26-000011
Timeframe
Current year
Filing year
2026
Why it matters
HR tech/automation needed
Signal category
Operations

Extraction

Confidence
High
Relevance
90%
Sentiment
Negative
Detected
Feb 24, 2026
signal_type
sec-10k
signal_subtype
laborShortage

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This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/c578949b-d11f-4b0e-8e79-36882d8433f7 returns this record as JSON. POST /v1/companies/enrich returns every signal for waystar.com.

{
  "signal_id": "c578949b-d11f-4b0e-8e79-36882d8433f7",
  "signal_type": "sec-10k",
  "signal_subtype": "laborShortage",
  "detected_at": "2026-02-24T09:42:26.76+00:00",
  "company": {
    "name": "Waystar",
    "domain": "waystar.com"
  },
  "data": {
    "detail": "Waystar's target market is experiencing a critical labor shortage and rising costs, with hospital labor expenses increasing by $51 billion year-over-year. This intense operational and financial pressure creates a strong demand for automation solutions that can reduce reliance on manual processes and lower labor costs.",
    "metrics": {
      "pct": 0.63,
      "timeframe": "current_year",
      "pct_context": "of revenue cycle leaders who say their teams are understaffed",
      "dollar_context": "Increase in hospital labor costs from 2023 to 2024",
      "dollar_millions": 51000
    },
    "summary": "Target clients face severe staffing shortages, with 63% of revenue cycle teams understaffed",
    "excerpts": "Increasing labor and administrative costs. According to an American Hospital Association report, labor constituted 56% of hospital expenses in 2024.",
    "relevance": 0.9,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1990354/000199035426000011/way-20251231.htm",
    "filing_date": "2026-02-17",
    "filing_year": 2026,
    "fiscal_year_end": "12/31",
    "sales_relevance": "HR tech/automation needed",
    "signal_category": "operations"
  }
}

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