Principal Product Manager
Listed on 2026-02-06
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Business
Product Specialist, Business Development, Business Analyst
ABOUT THIS POSITION
Waystar is seeking a smart and creative Principal Product Manager with hands-on experience in Healthcare Revenue Cycle Management. We are looking for someone who has a passion for building great products and the natural instincts for making decisions that lead to highly useable software. This professional self-starter will report to the VP of Product Management and work closely with User Experience team and Technology teams.
The Principal Product Manager will lead large-scale, cross departmental strategic product initiatives coordinating with key stakeholders in sales, marketing, design, development, and operations. This role will be charged with leading game changing efforts at Waystar within the company’s Product team for new to market and existing solutions. The ideal candidate will understand the significant flaws that exist in the healthcare market and have a passion for solving those problems.
WHAT YOU'LL DO
Analyzing various market trends, user behavior, product inputs, customer requirements, designing solution architectures and developing the business case for new product development
Preparing software design plans including product requirements documents (PRD), use case documentation, jobs-to-be-done, and user interface wireframes (both independently and with assistance from our User Experience team)
Working closely with internal and external resources to define system requirements that meet changing market needs and ensure customer satisfaction and product quality
Assisting the VP of Product Management in coordinating with sales, marketing, development, and customer support to bring together divergent ideas and convince various stakeholders to rally behind a single product vision
Working with the VP of Product Management to manage the product roadmap, including documenting product strategy, maintaining the feature backlog, prioritizing work and coordinating product launches
Organizing market research including analyzing customer segments, reviewing industry research reports, and assessing strengths and weaknesses of competitors
Studying healthcare industry standards and stayingup to dateon industry changes and compliance issues
Gathering inspiration and ideas by visiting customers regularly and reviewing software and other products that solve similar problems in other domains
Collecting direct customer feedback by organizing user tests, studying customer support incidents, administering user surveys, and visiting customers to study product interaction in their natural environment
WHAT YOU'LL NEED
You know how to execute and like to roll up your sleeves to get things done
You are comfortable in front of a whiteboard and can describe complex information in a concise but thorough fashion
You can lead a cross functional team through the entire PDLC, rallying them to deliver value to clients, partners, and Waystar
You have at least 4 years of software build experience and have led theend to endbuild of at least 2 large scale product initiatives (new products/major upgrades) and brought themto market
An understanding of hospital & professional coding and billing workflows and the provider reimbursement process, obtained either through direct experience in a healthcare setting or an RCM focused HIT company
Provided leadership on a team that designed, built, or used Revenue Cycle Managementproducts
Organizing market research including analyzing customer segments and industry trends
Possess robust technical fundamentals, especially when it comes to building software
Problem solving skills; able to analyze a problem and design creative solutions
Attention to detail; extraordinary eye for usability and the customer experience
Excellent written communication skills; able to succinctly convey complex ideas through the written word
Great people skills; able to facilitate, negotiate and persuade stakeholders; ability to communicate progress, challenges and celebrate accomplishments
Flexible and agile; able to rapidly adapt to changing situations and inputs
College Degree required;
Business or Computer Science degree preferred
ABOUT WAYSTAR
Through a smart platform and better experience, Waystar helps…
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