Your claims. Funded the next business day.
Copay purchases your eligible insurance receivables at the service-line level. Cash lands in your account the next business day. No loans, no personal guarantees, no changes to how your billing team works.
Submit today. Get paid tomorrow.
No new software. No changes to how you bill. Three steps from claim submission to cash in your account.
Submit claims as normal
Your billing team continues using your existing EHR, practice management system, billing platform, and clearinghouse to submit claims to payors. Nothing about your workflow changes. Copay works in the background, identifying eligible claims in real time based on payor type, procedure, and claim-level eligibility. Ineligible claims are flagged and excluded before any purchase is calculated.
Cash in your account
For each eligible claim, Copay calculates the purchase amount based on the Expected Net Reimbursement for that specific claim, less the applicable discount fee. Funds are deposited directly into your practice bank account by the next business day. No draw request, no approval process, no manual trigger. Embedded funding that runs automatically with your existing billing cycle.
Payor pays. Copay reconciles.
Your payor pays on their usual timeline. Nothing changes on their end, and nothing changes for your billing team. Copay automatically matches remittances to purchased claims as they are released. By the time your payor reimburses, your practice has already been paid.
The process runs automatically every billing cycle as your practice grows. More providers, more patients, more volume — your available facility expands with you. No renegotiation, no new application. Copay scales in the background so you can stay focused on building your practice, not managing your cash flow.
Built around how healthcare reimbursement actually works.
Every feature in Copay was designed to address a real problem in the healthcare revenue cycle.
Non-recourse on eligible claims
If a payor denies or underpays an eligible purchased claim, Copay absorbs the loss. Your advance is never clawed back, adjusted, or reversed.
Next business day funding
Eligible claims submitted today are funded via ACH tomorrow. No draw request, no approval cycle, no waiting. Automatic every billing cycle.
Service-line level underwriting
Each claim is evaluated and priced individually using actual reimbursement data for your specific payor, procedure, and specialty. No portfolio averages.
No workflow changes
Your billing team continues submitting claims exactly as they always have. Copay connects at the integration layer — no new software, logins, or training.
Scales with your volume
Your available capacity grows automatically as your claim volume grows. No renegotiation, no new application, no credit committee. Growth is built in.
No payor contact
Copay does not notify your payors or alter your payor contracts. Your revenue cycle relationships stay entirely yours.
Who qualifies for Copay.
Copay works with practices across more than 40 specialties. Eligibility is determined during a brief underwriting review.
Licensed healthcare providers
Physicians, therapists, dentists, and all other licensed providers billing commercial payors.
Commercial payor claims
Claims billed to UnitedHealthcare, Anthem, Aetna, Cigna, Humana, BCBS plans, and other major commercial payors.
Solo and group practices
From solo practitioners to large multi-specialty groups. No minimum headcount or location requirement.
Telehealth and in-person
In-person, telehealth, and hybrid practices are all eligible. Place of service does not affect eligibility.
What Copay does not purchase.
Workers compensation claims
Claims under workers compensation coverage are not eligible for purchase.
Auto and no-fault claims
Personal injury protection and no-fault auto insurance claims are excluded.
Patient responsibility balances
Copay purchases insurance receivables only. Patient balances, copays, and deductibles are excluded.
Medicare and Medicaid eligibility varies by state and payor type. Your underwriting review will confirm which government payor claims qualify in your market.
Common questions.
Is this a loan?
No. Copay purchases your insurance receivables outright. There is no debt, no interest, and no repayment schedule. The transaction is a sale of your receivables, not a borrowing against them. Nothing is added to your balance sheet.
What does non-recourse mean in practice?
Non-recourse means that if an eligible purchased claim is denied, reduced, or unpaid by the payor, Copay absorbs that loss. You keep the cash that was advanced. There are no clawbacks, no surprise account adjustments, and no obligation to return funds on eligible claims.
How does Copay know what to pay for each claim?
Copay's underwriting engine evaluates each claim individually using reimbursement performance data across your specific payor, procedure type, and specialty. Your advance rate reflects actual historical payment patterns for that combination, not a blended average across all claims.
Does Copay contact my payors?
No. Copay does not notify payors, file notice of assignment, or alter your payor contracts in any way. Your payor relationships remain entirely yours. The arrangement is invisible to payors, patients, and your billing staff.
How long does approval take?
Most practices complete the underwriting review within a few business days. The review covers your entity, licensing, payor mix, and billing history. Once approved, integration is typically completed within one to two weeks.
Ready to stop waiting on your payors?
96% approval rate. No loans. No changes to your billing workflow.