Contractors are paid for:

  • 100% or your contracted rate*** for each insurance or EAP client billed and paid
  • Your private pay rate for each private pay service billed and paid minus credit card processing fees

INSURANCE PAYMENTS

Contractors will receive a direct deposit from billing platform(s) and/or Therapist Square to your bank account on file. Therapist Square makes a direct deposit to your bank account on file semi-monthly for insurance pay billing recoupment.

When You Can Expect Insurance | EAP Payments

  • One of our billing platforms pays every Friday for sessions billed from previous week (not for the week just ending).
  • Another of our billing platforms pays on the 15th (for sessions billed from 16th – month end of previous month) and on the 30th (for sessions from 1st – 15th of current month).
  • And, a third billing platform we use typically pays within 1 – 2 weeks of session billed, however has 40 days to pay.

Prior to seeing your client for services, your calendar will indicate which billing platform(s) we will use to process your client’s claims so that you can make the timely financial decisions you need in running your business. 


PRIVATE PAY PAYMENTS

Contractors will receive a direct deposit to your bank account on file semi-monthly from Therapist Square for private pay billing recoupment:

  • on the 8th of each month for payments from your billed private pay services that we received from the 16th – month end in the previous month
  • on the 22nd of each month for payments from your billed private pay services that we received from the 1st – 15th of current month.

All Contractors who are paid $600 or more in a calendar year in direct deposits from Therapist Square will have online access to a 1099-NEC annually via our payment vendor – no later than January 31st of the the following year – reflecting payments made to you by Therapist Square. Additional 1099 tax forms will come from the billing platforms as apply.


We are not legally allowed to share rates for specific insurances until you are contracted with that insurance and informed of your contracted rates for your individual contract in your name for each covered CPT code. What we can tell you, though, is about the approximate range of rates you can expect to see for some common CPT codes from the carriers/plans with whom we work:

90791$112 – $145
90832$45 – $80
90834$70 – $111
90837$97 – $130
90846$65 – $111
90847$68 – $111
90853$18 – $49
99404$72 – $85
Insurance Rate Ranges, effective 2024-10-23