The leading malpractice insurer for psychiatrists, endorsed by the American Psychiatric Association for 40+ years.
Free multi-payer portal for eligibility verification and claims submission.
What It Is
PRMS
The leading malpractice insurer for psychiatrists, endorsed by the American Psychiatric Association for 40+ years.
Availity
Free multi-payer portal for eligibility verification and claims submission.
Primary Category
malpractice-insurance
billing-rcm-insurance
Primary Category
PRMS
malpractice-insurance
Availity
billing-rcm-insurance
Founded
Unknown
Unknown
Founded
PRMS
Unknown
Availity
Unknown
Best For
Psychiatrists in private practice; Forensic psychiatrists needing expert witness coverage; Psychiatrists prescribing ketamine or doing ECT
Solo and small practices needing free eligibility verification; Providers billing commercial payers seeking cost-effective solutions; Multi-specialty groups needing comprehensive payer connectivity
Best For
PRMS
Psychiatrists in private practice; Forensic psychiatrists needing expert witness coverage; Psychiatrists prescribing ketamine or doing ECT
Availity
Solo and small practices needing free eligibility verification; Providers billing commercial payers seeking cost-effective solutions; Multi-specialty groups needing comprehensive payer connectivity
Pricing
Starting Price
~$2,000/year
$0/month
Starting Price
PRMS
~$2,000/year
Availity
$0/month
Pricing Model
flat-annual
freemium
Pricing Model
PRMS
flat-annual
Availity
freemium
Free Trial
No free trial
Free tier available
Free Trial
PRMS
No free trial
Availity
Free tier available
Pricing Details
APA members receive preferred rates. Premiums vary by state, procedure mix (ECT, ketamine), forensic work, and coverage limits. Psychiatrist premiums are generally higher than non-prescriber mental health professionals due to medication liability.
No additional details
Pricing Details
PRMS
APA members receive preferred rates. Premiums vary by state, procedure mix (ECT, ketamine), forensic work, and coverage limits. Psychiatrist premiums are generally higher than non-prescriber mental health professionals due to medication liability.
Availity
No additional details
Compliance & Security
HIPAA Compliant
No
Yes
HIPAA Compliant
PRMS
No
Availity
Yes
BAA Available
No
Unknown
BAA Available
PRMS
No
Availity
Unknown
SOC 2 Certified
Unknown
Yes
SOC 2 Certified
PRMS
Unknown
Availity
Yes
HITRUST Certified
Unknown
Unknown
HITRUST Certified
PRMS
Unknown
Availity
Unknown
Features
Mobile App
No
No
Mobile App
PRMS
No
Availity
No
Mental Health Specific
Yes
No
Mental Health Specific
PRMS
Yes
Availity
No
Integrations
Total Integrations
None listed
None listed
Total Integrations
PRMS
None listed
Availity
None listed
Clearinghouse
None
None
Clearinghouse
PRMS
None
Availity
None
Billing Features
Claims Submission
No
Yes
Claims Submission
PRMS
No
Availity
Yes
Eligibility Verification
No
Yes
Eligibility Verification
PRMS
No
Availity
Yes
ERA Processing
No
Yes
ERA Processing
PRMS
No
Availity
Yes
Support & Fit
Practice Sizes
Solo, Small (2-10), Medium (11-50)
Solo, Small (2-10), Medium (11-50)
Practice Sizes
PRMS
Solo, Small (2-10), Medium (11-50)
Availity
Solo, Small (2-10), Medium (11-50)
Customer Base
Unknown
Unknown
Customer Base
PRMS
Unknown
Availity
Unknown
Ready to Get Started?
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