Psychiatry Billing Cash Flow
Optum Behavioral and Magellan put your 90792 and 90833 claims through documentation-heavy review that stretches payment to 30 to 90 days.
A full panel of medication-management claims, funded at once.
Psychiatrists bill a high volume of recurring evaluation, psychotherapy add-on, and pharmacologic-management codes, so a lot of cash sits in adjudication at any moment. Copay purchases the whole eligible batch and pays the next business day.
This week's eligible claims
$0
Turnaround
Next business day
From submitted batch to deposited capital.
Non-recourse
A denied eligible claim is Copay's loss, not yours.
How Copay works for psychiatry.
Connect once
Connect your billing software in minutes. No IT ticket and no new system for your team.
Submit as usual
Submit your evaluation, psychotherapy, and medication-management claims exactly as you do today.
Get paid
Copay purchases the eligible claims and deposits the capital the next business day, by ACH.
The psychiatry codes Copay purchases.
Copay prices each claim individually at the service line, from diagnostic evaluations to the psychotherapy and pharmacologic-management add-ons psychiatry relies on.
Every eligible code is funded the next business day.
Evaluation and medication management
Psychotherapy with E/M
Your panel bills the same codes every month.
Medication management is recurring by design, so the same 90833 and 90863 claims come back month after month. Copay purchases each month's eligible claims at the same next-business-day terms, turning a predictable panel into predictable capital.
How non-recourse purchase worksEligible claims by month
FundedPsychiatry billing, answered.
No. Copay is not a loan, not factoring, and not a merchant cash advance. Copay purchases your eligible psychiatry claims outright and deposits funds the next business day, with no debt and no repayment schedule.
Psychiatry runs heavily through behavioral health carve-outs, so Copay purchases eligible claims billed to Optum Behavioral, Magellan, Carelon, Aetna, and Cigna, as well as Medicare and Medicaid managed care plans.
Psychiatrists carry large panels of recurring medication-management visits, so a lot of small claims sit in adjudication at once. Copay purchases your eligible claims in bulk and funds them the next business day, so the whole panel turns into capital instead of waiting weeks per claim.
Copay prices each claim on its expected net reimbursement, so the documentation-heavy review that slows a 90792 or 90833 with your payer is exactly the delay Copay removes. Nothing changes about how your team documents or submits.
Non-recourse means a denied eligible claim is Copay's loss, not yours. If an eligible purchased psychiatry claim is denied or downcoded after the fact, Copay absorbs the loss with no clawbacks against your practice.
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
Psychiatric diagnostic evaluation with medical services
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
$4,800
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.
Get paid on your psychiatry claims the next business day.
Copay purchases your eligible psychiatry claims. No loans, no personal guarantee, no workflow change.