preferred provider organization[prĭ-fûrdˈ]
preferred provider organization definition by Webster's New World
preferred provider organization definition by American Heritage Dictionary
noun Abbr. PPO
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.Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana. Used by arrangement with John Wiley & Sons, Inc.
preferred provider organization - Medical Definition