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Tools/Compare

IvyPay vs Waystar

Show:
Detail:
Attribute
Billing

IvyPay

Billing

Waystar

IvyPay
Waystar
Key Differencesat a glance
IvyPay:Purpose-built for mental health
Waystar:Includes AI-powered features
Waystar:More integrations (8)

Overview

Tool Name
IvyPay
Waystar
Tool Name
IvyPay
IvyPay
Waystar
Waystar
What It Is
HIPAA-compliant payment processing built specifically for therapists with 2.75% flat rate and no monthly fees.
Leading healthcare RCM platform combining Navicure, ZirMed, and Patientco, processing $3T+ in claims annually with AI-powered denial prevention.
What It Is
IvyPay
HIPAA-compliant payment processing built specifically for therapists with 2.75% flat rate and no monthly fees.
Waystar
Leading healthcare RCM platform combining Navicure, ZirMed, and Patientco, processing $3T+ in claims annually with AI-powered denial prevention.
Primary Category
billing-rcm-insurance
billing-rcm-insurance
Primary Category
IvyPay
billing-rcm-insurance
Waystar
billing-rcm-insurance
Founded
Unknown
Unknown
Founded
IvyPay
Unknown
Waystar
Unknown
Best For
Solo therapists wanting simple payment processing; Clinicians needing HIPAA-compliant card processing; Practices wanting to avoid monthly fees
Mid-size to large medical groups needing comprehensive RCM; Health systems requiring enterprise-scale revenue cycle management; Practices seeking AI-powered denial prevention and appeal automation
Best For
IvyPay
Solo therapists wanting simple payment processing; Clinicians needing HIPAA-compliant card processing; Practices wanting to avoid monthly fees
Waystar
Mid-size to large medical groups needing comprehensive RCM; Health systems requiring enterprise-scale revenue cycle management; Practices seeking AI-powered denial prevention and appeal automation

Pricing

Starting Price
2.75% per transaction
Custom quote required
Starting Price
IvyPay
2.75% per transaction
Waystar
Custom quote required
Pricing Model
usage-based
enterprise-custom
Pricing Model
IvyPay
usage-based
Waystar
enterprise-custom
Free Trial
No free trial
No free trial
Free Trial
IvyPay
No free trial
Waystar
No free trial
Pricing Details
HIPAA-compliant payment processing built for therapists. Simple flat-rate pricing compares favorably to Square (2.6% + 10¢) and Stripe (2.9% + 30¢) for typical therapy session costs. No long-term contracts required.
Custom enterprise pricing based on claim volume and modules selected. Typical range $200-800/month for small practices, higher for large organizations.
Pricing Details
IvyPay
HIPAA-compliant payment processing built for therapists. Simple flat-rate pricing compares favorably to Square (2.6% + 10¢) and Stripe (2.9% + 30¢) for typical therapy session costs. No long-term contracts required.
Waystar
Custom enterprise pricing based on claim volume and modules selected. Typical range $200-800/month for small practices, higher for large organizations.

Compliance & Security

HIPAA Compliant
Yes
Yes
HIPAA Compliant
IvyPay
Yes
Waystar
Yes
BAA Available
Yes
Yes
BAA Available
IvyPay
Yes
Waystar
Yes
SOC 2 Certified
Unknown
Yes
SOC 2 Certified
IvyPay
Unknown
Waystar
Yes
HITRUST Certified
Unknown
Yes
HITRUST Certified
IvyPay
Unknown
Waystar
Yes

Features

Mobile App
Yes
Yes
Mobile App
IvyPay
Yes
Waystar
Yes
Mental Health Specific
Yes
No
Mental Health Specific
IvyPay
Yes
Waystar
No

Integrations

Total Integrations
5 integrations
8 integrations
Total Integrations
IvyPay
5 integrations
Waystar
8 integrations
Clearinghouse
None
None
Clearinghouse
IvyPay
None
Waystar
None

Billing Features

Claims Submission
No
Yes
Claims Submission
IvyPay
No
Waystar
Yes
Eligibility Verification
No
Yes
Eligibility Verification
IvyPay
No
Waystar
Yes
ERA Processing
Yes
Yes
ERA Processing
IvyPay
Yes
Waystar
Yes

Support & Fit

Practice Sizes
Solo, Small (2-10)
Medium (11-50), Large (51-200), Enterprise (200+)
Practice Sizes
IvyPay
Solo, Small (2-10)
Waystar
Medium (11-50), Large (51-200), Enterprise (200+)
Customer Base
Unknown
Unknown
Customer Base
IvyPay
Unknown
Waystar
Unknown

Ready to Get Started?

Visit these tools to learn more or request a personalized demo.

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IvyPay
Waystar