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
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What is the Definition of Preferred Provider Organization?
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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.
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Term used to refer to the other party's insurance company.
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