Preferred provider organization (PPO),
Definition of Preferred provider organization (PPO):
A preferred provider organization (PPO) is a medical care arrangement in which medical professionals and facilities provide services to subscribed clients at reduced rates. PPO medical and healthcare providers are called preferred providers. .
An alternative to an HMO network available under certain health insurance plans. A network of care providers who treat members of a health insurance plan for a pre-determined fee. The insured may be required to pay a small co-payment and the rest of the charge is usually covered by the plan. This type of network is less restrictive than an HMO, as the insured is free to choose a hospital and physician.
Most health insurance plans are serviced through either a preferred provider organization (PPO) or a health maintenance organization (HMO). A PPO is a managed-care organization consisting of medical professionals and facilities such as primary and specialty physicians, hospitals, and other healthcare professionals. These professionals contract with the insurance provider to render subscribed participants services at an agreed-upon reduced rate. In exchange for reduced rates, insurers pay the PPO a fee to access the network of providers.
How to use Preferred provider organization (PPO) in a sentence?
- PPO medical and healthcare providers are called preferred providers. .
- Choosing between a PPO and an HMO generally involves weighing one's desire for greater accessibility to doctors and services versus the cost of the plan.
- PPO plans are more comprehensive in their coverage and offer a wider range of providers than HMO plans, but come at a higher cost.
Meaning of Preferred provider organization (PPO) & Preferred provider organization (PPO) Definition
Preferred Provider Organization (PPO),
How To Define Preferred Provider Organization (PPO)?
A simple definition of Preferred Provider Organization (PPO) is: A group of doctors and hospitals that join forces to offer medical services to a specific group of consumers at low cost. This form of organization differs from the Health Maintenance Organization (HMO) in that the service providers are not financially connected to each other but to the fee system.
Preferred Provider Organization (PPO) refers to The preferred provider organization, or PPO, is a healthcare network in which the policyholder of a particular insurer can choose from many different doctors in the insurer's network. Outside the network, doctors are always through insurance companies. However, policymakers have to pay a higher price for reporting them.
Literal Meanings of Preferred Provider Organization (PPO)
Preferred:
Meanings of Preferred:
Loving (one thing or one person) is better than another or tends to make another choice.
Submit (phone or information) for review.
Promote (someone) to a position of dignity or move on.
Sentences of Preferred
The police will file a complaint
Synonyms of Preferred
like better, propose, would rather have, lodge, bring, press, incline towards, advance, promote, would rather, elevate, put forward, offer, proffer, raise, upgrade, lean towards, be more partial to, file, think preferable, present, move up, place, would sooner have, aggrandize, tender, lay, submit
Provider:
Meanings of Provider:
Someone or something that offers.
Sentences of Provider
Leading personal financial services providers
Synonyms of Provider
supplier, giver, mainstay, contributor, donor, source
Organization:
Meanings of Organization:
Organized by a group of people for a specific purpose, especially a company, society, association, etc.
The process of creating something.
Synonyms of Organization
corporation, structuring, league, conglomerate, establishment, organizing, administration, management, movement, alliance, logistics, planning, coordination, confederation, concern, syndicate, agency, combine, running, firm, society, confederacy, coalition, consortium, institution
Preferred Provider Organization (PPO),
Preferred Provider Organization (PPO): What is the Meaning of Preferred Provider Organization (PPO)?
You can define Preferred Provider Organization (PPO) as, A network of medical providers that charges for services but communicates, pays less
The definition of Preferred Provider Organization (PPO) is: A network of medical service providers that charges for services but is paid according to the rate of communication
A simple definition of Preferred Provider Organization (PPO) is: A type of plan in which doctors, hospitals and other providers agree to discount rates for insurance companies. This provider is part of the PPO network. If you use a network provider, a higher percentage is paid in insurance contracts with PPO terms. If you go to a provider outside the PPO network, you will have to pay a higher price for your treatment.
Preferred Provider Organization (PPO) means, An agreement where a third party payer enters into an agreement with a healthcare provider group that provides services at a modest cost, in exchange for instant payments and a large number of patients.
Preferred Provider Organization (PPO) definition is: A plan in which the sponsorship group negotiates a discount with the provider in exchange for the patient. The sponsor can be an insurer, an employer or an external administrator.
A contract, whether insured or not, under which a health insurer (usually a commercial insurer and, in certain circumstances, the self-insured employer) hires a service provider. Affected health insurers often label these contract providers as a priority and offer concessions, usually in the event of a reduction or underpayment, encouraging the policy provider to use these providers. Members are entitled to benefits from the services of non-participating providers in the form of compensation with non-additional payments and providers often, but not always, pay a low fee for the service. Are
Literal Meanings of Preferred Provider Organization (PPO)
Preferred:
Synonyms of Preferred
favour, would sooner
Organization:
Synonyms of Organization
company, operation, club, arrangement, federation, association, group, network, body
Preferred Provider Organization (PPO),
What is Preferred Provider Organization (PPO)?
You can define Preferred Provider Organization (PPO) as, Physicians and a group of physicians who join forces to provide low-cost medical services to a specific group of clients. This type of assignment is different from a health care organization (HMO) in that the service providers are not financially connected to each other but are charged a fee.
The definition of Preferred Provider Organization (PPO) is: Preferred providers, or PPOs, are healthcare networks in which a particular insurer can be found among many different doctors in the insurer's network. Doctors outside the network are always covered by insurance companies. However, policyholders often have to pay more to report them.
A network of medical providers that charge for services but pay through negotiations, at a low rate.
Literal Meanings of Preferred Provider Organization (PPO)
Preferred:
Meanings of Preferred:
Likes (one thing or person) better than another or likes to choose other people.
Submit for review (price or information).
Promotion or promotion (to someone) in an honorable position.
Sentences of Preferred
I prefer Venice to Rome.
Eventually it became a dirham area. Definition
Synonyms of Preferred
select, lean/incline towards, would rather (have), pick, single out, go for, want, wish, plump for, choose, vote for, would sooner (have), elect, fancy, opt for, desire
Provider:
Sentences of Provider
Leading provider of personal financial services.
Organization:
Meanings of Organization:
A group of people is organized for a specific purpose, for example, a company or a ministry.
The process of organizing something.
Synonyms of Organization
set-up, assembly, development, formation, assembling, regulation, outfit
Preferred Provider Organization (PPO),
Preferred Provider Organization (PPO) Definition:
A group of doctors and therapists who join forces to provide low-cost medical services to a specific group of customers. This type of assignment is different from a health care organization (HMO) because service providers are not financially connected to each other but are fee-based.
Preferred Provider Organization (PPO) means, A network of medical providers that charge for services but are paid on a scale of reduced rates through negotiation.
A network of fee-based healthcare providers, but negotiated and on a low-fee schedule
An agreement where a third party pays a group of healthcare providers to provide immediate payments and services to a specific number of patients at a lower cost than usual.
A project in which the sponsoring group discusses electronic discounts with providers in exchange for patients. The sponsor can be an insurer, an employer or an outside administrator.
Literal Meanings of Preferred Provider Organization (PPO)
Preferred:
Meanings of Preferred:
Likes (one thing or person) better than another or other people choose.
Submit (cost or information) for review.
(Someone) was promoted or promoted to a dignified position.
Sentences of Preferred
It eventually became the diocese of Durham. Definition
Organization:
Meanings of Organization:
An organized group of people with a specific purpose, for example, B. Business or Ministry.
Preferred Provider Organization (PPO),
How To Define Preferred Provider Organization (PPO)?
A type of plan in which doctors, physicians and other providers agree on discounted rates for insurance companies. This provider is part of the PPO network. If you use a network provider, a higher percentage is paid in insurance contracts with PPO terms. If you go to a provider outside the PPO network, you will have to pay more for maintenance.
