Non-Recourse Claim Purchase Benefits, End to End
Copay purchases your eligible insurance claims outright and pays the next business day.
A true purchase, not borrowing.
Copay is not a loan, not factoring, and not a merchant cash advance. Connect your billing software once. Submit claims as you do today. Get paid the next business day. Non-recourse means a denied eligible claim is Copay's loss, not yours. Here is how a non-recourse purchase compares to the alternatives.
CopayThe benefits, four ways.
Non-recourse
Non-recourse means a denied eligible claim is Copay's loss, not yours.
No personal guarantee
Your home and personal credit are never on the line.
Next business day
Deposited next business day
Eligible claims are funded by ACH the next business day.
No workflow change
Your billing team submits claims exactly as they do today. Nothing changes except when you get paid.
Everything in one dashboard.
Available capital, funded claims, and next deposit, all in the portal your team already logs into.
CopayDashboard
Riverside Mental Health
Available to fund
$0
Funded this month
$0
Next deposit
Tomorrow
Priced on your claims, not your credit.
Each claim is priced at the service line on its actual reimbursement performance for your payor and procedure. The better your claims perform, the better your advance rate.
0%
typical advance rate
0%
approval rate for applying practices, judged on claim history.
Everything a purchase gives you.
Non-recourse
denied eligible claims are Copay's loss, not yours
No guarantee
no personal guarantee, ever
No debt
nothing added to your balance sheet
Next day
capital deposited the next business day
From submitted claim to funded account.
While insurance takes 30 to 90 days, Copay moves in one.
Step 01 · Submit
You submit your claims as normal
Nothing changes about how your billing team works.
Claim #18473
DOS 02/04/24
Office or other outpatient visit for the evaluation and management of an established patient, low complexity
Step 02 · Verify & Price
We verify and price in real time
Copay checks payor history and prices the claim at the CPT level.
Underwriting in progress
Step 03 · Approved
Advance approved
Capital is approved and scheduled for next business day deposit.
Advance Approved
$4,200
Net advance
Step 04 · Funded
Capital in your account
While the payor takes 30 to 90 days, you already have your capital.
Your account
$0
Available balance
Copay reconciles automatically when the payor pays. You do nothing.
Every benefit of a true purchase.
Copay purchases your eligible claims and pays the next business day. Non-recourse, no personal guarantee, no workflow change.