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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.

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