What is the Definition of Preferred Provider Organization?

What is the Definition of Preferred Provider Organization?

Network of medical providers which charge on a fee-for-service basis, but are paid on a negotiated, discounted fee schedule.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Preferred Provider Organization?

You can find random definition and meaning of insurance terms below:


What is the meaning of Actual Cash Value

The fair market value of property; technically, replacement cost less depreciation.


What is the meaning of Actuary

A statistician who computes insurance risks and premiums. Actuaries keep GEICO profitable and financially stable by setting prices, assessing trends, and determining how much to hold in reserve to pay claims.


What is the meaning of Adverse Carrier

Term used to refer to the other party's insurance company.


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