Physical Therapy Billing Cash Flow
You bill low-dollar, 15-minute timed codes like 97110 and 97140 in high volume, but commercial payers take 60 to 90 days while salaries, leases, and rent are due now.
The physical therapy billing problem, solved.
Physical therapy payers, days to pay
The squeeze
Many units
per visit
High-volume 15-minute timed codes pile up across visit caps and prior-auth renewals, while payers take 60 to 90 days to pay.
See how claim purchasing worksThe codes Copay purchases.
Each timed physical therapy code, from the 97161 evaluation through every treatment unit, is priced individually at the service line and funded the next business day.
Therapeutic procedure, one or more areas, each 15 minutes; therapeutic exercises to develop strength and endurance, range of motion and flexibility
Copay purchases thisManual therapy techniques (eg, mobilization/manipulation, manual lymphatic drainage, manual traction), one or more regions, each 15 minutes
Copay purchases thisTherapeutic activities, direct (one-on-one) patient contact, each 15 minutes (use of dynamic activities to improve functional performance)
Copay purchases thisTherapeutic procedure, one or more areas, each 15 minutes; neuromuscular reeducation of movement, balance, coordination, kinesthetic sense, posture, and/or proprioception for sitting and/or standing activities
Copay purchases thisHow Copay works for physical therapy.
Your existing EHR
No changeClaim 97110
UnitedHealthcare · $38.50
Submit claims as you always have
Your billing team submits claims exactly as they do today. Nothing changes except when you get paid.
UnitedHealthcare
Eligibility and auth check
We verify in the background
Copay confirms payer and claim data automatically, with no calls from your team.
See the full processBuilt for the physical therapy visit cycle.
Cover therapist payroll without waiting on the visit cycle.
Copay funds your eligible claims the next business day, so the cash for payroll is there every cycle.
Funded by Copay
Therapist payroll covered every cycle, even while the commercial claims behind it are still adjudicating.
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.
Physical therapy billing, answered.
No. Copay is not a loan, not factoring, and not a merchant cash advance. Copay purchases your eligible physical therapy claims outright and deposits funds the next business day, with no debt and no repayment schedule.
Copay purchases eligible physical therapy claims billed to the major commercial payers, including UnitedHealthcare, Anthem, Aetna, Cigna, Humana, and BlueCross plans.
Physical therapy bills low-dollar, 15-minute timed procedure codes like 97110 and 97140 in high volume, many units per visit and many visits per patient, while commercial payers stretch payment to 60 or 90 days. Copay purchases those eligible claims and funds them the next business day, so therapist payroll, equipment leases, and clinic rent are covered without waiting on the visit cycle.
Copay purchases your eligible physical therapy claims at the service-line level after you submit them as you do today. Your billing team continues to manage visit caps, periodic prior-authorization renewals, and medical-necessity documentation, and Copay handles the timing of when the cash arrives.
Non-recourse means a denied eligible claim is Copay's loss, not yours. If an eligible purchased physical therapy claim is denied or underpaid, 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
Therapeutic procedure, one or more areas, each 15 minutes; therapeutic exercises to develop strength and endurance, range of motion and flexibility
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
$2,800
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 physical therapy claims the next business day.
Copay purchases your eligible physical therapy claims. No loans, no personal guarantee, no workflow change.