Reduce Days in AR to Near Zero
Copay purchases your eligible insurance claims and pays the next business day, so your days in AR drop to near zero.
Cut your days in AR to near zero.
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. The claim comes off your books before the payor ever releases the money.
Average days in AR
The collections work that disappears.
Your billing team submits claims exactly as they do today. Nothing changes except when you get paid.
Statements
No statements to chase as a claim ages past 30, 60, or 90 days.
Aging report
No aging buckets to work down at the end of every month.
Follow-up calls
No follow-up calls to track down a payment you already earned.
Your aging buckets, emptied.
When Copay purchases an eligible claim, it comes off your receivables the next business day, so it never works its way down the aging report.
Aging report (days)
ClearedCleared
Purchased claims leave your aging report the next business day, not 30 to 90 days later.
Days outstanding
Near zeroThe wait, gone.
You stop waiting 30 to 90 days on the payor. Non-recourse means a denied eligible claim is Copay's loss, not yours.
See same-day fundingStop waiting on insurance to pay.
Near zero
days in AR on purchased claims
Next day
capital deposited, every business day
Automatic
reconciliation when the payor pays
0%
approval rate for applying practices
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.
Stop waiting 30 to 90 days on insurance.
Copay purchases your eligible claims and pays the next business day. Non-recourse, no workflow change.