| ACE provides a number of benefits for all of the various constituents.
Advantages for the Provider include:
- Efficient claims processing
- Improved cash flow
- Computerization of practices
- Value added features
- Banking applications
- Supply ordering
- Electronic mail
- Better service to customers/patients
Advantages for the Claimant include:
- Better service (eg. Claims submitted on their behalf)
- On-line adjudicated response will provide information on what will be paid by the claims adjudicator
- Immediate editing of data to avoid claims resubmissions
- Improved cash flow (may not need to be out of pocket)
- Clearer statement of services rendered (descriptions not just procedure codes)
- Reduced claim turnaround time on reimbursement claims (mail time if nothing else).
Advantages for the claims adjudicators include:
- Ability to market as one entity
- Combined volume of claims = lower prices.
- Association provides "clout" or influence in industry/marketplace
- Sharing of expertise
- Participation in development
- Membership includes systems and legal consultation
- More accurate claims submission (edit checking in the provider's office)
- Data entry cost savings
- Ability to enter into electronic payments to providers (future cost savings)
- Facilitates electronic links with providers (eg. E-mail)
- Eventually automatic co-ordination of benefits
- Industry standards (participation)
For information on ACE, complete the membership information form or contact the ACE office at:
Phone: (416) 598-4223
Fax: (416) 596-9532
E-mail: ace@claims-exchange.org
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