Dictionary Home »
Webster's New World Finance and Investment Dictionary » preferred provider organization
preferred provider organization
preferred provider organization definition - finance
A network of doctors and health care providers who agree to offer discounted care
to the members of an employer- or union-sponsored health insurance plan. The
medical professionals receive a significant number of clients, which makes
offering the discount worthwhile. Employees can see doctors and other
professionals outside of the network, but they have to pay a higher percentage
of the cost than if they stay with an in-network doctor.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Comments
Improve this definition.
Browse dictionary definitions near preferred provider organization
Share on Facebook