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Individual Practice Association Health Maintenance Organization (HMO)

 
Insurance Dictionary: Individual Practice Association Health Maintenance Organization (HMO)

Health Maintenance Organization that provides medical services to the HMO members through an exclusive contract with specific physicians and hospitals. These selected physicians and hospitals provide medical services to both HMO members and non-HMO members. Generally, HMO members may select the primary care physician of their choice from the list of specific physicians. After rendering services to the HMO member, the physician is paid a predetermined fee by the HMO.

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Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more