preferred provider organizationpre·ferred provider organization
preferred provider organization
preferred provider organization - Investment & Finance Definition
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.