Investor Glossary-health maintenance organizationInvestor Glossary-health maintenance organizationInvestor Glossary-health maintenance organizationInvestor Glossary-health maintenance organizationInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Health Maintenance Organization

The HTML to link to this page
 

A health maintenance organization, or HMO, is a public or private organization that provides comprehensive medical care, based on a prepaid contract agreement. A health maintenance organization can be considered a form of health insurance, designed to deliver a broad range of services for a fixed payment. Once the health maintenance organization contract is signed and payments are secured, a health maintenance organization takes on a legal responsibility for all pre-approved costs associated with pre-approved medical conditions. A health maintenance organization comprises a network of medical care providers, such as doctors, hospitals, laboratories, and other medical treatment entities. In addition, a health maintenance organization designates a Primary Care Physician (PCP), who in turn handles other health related services. Although a health maintenance organization system was developed as a flexible and affordable healthcare financing option, any given health maintenance organization may limit care, even against the advice of network affiliated doctors.



Rate this Health Maintenance Organization definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: FICO score, Key Rate Duration, implied volatility, 144a, required rate of return, class C shares, open position, Zero Cost Collar, ex-dividend date, retained earnings, LIBOR, stock split, EBITDA, ex-dividend, limit order, balance sheet, FTSE, deferred tax, liquidity ratio, 1031 exchange, per diem, deferred revenue, reverse mortgage, cancelled check, stock market close, margin rate, current ratio, diluted share, dividends payable, real GDP, in escrow, risk management, APR, irrevocable trust, command economy, quality assurance, wholly-owned subsidiary, 1035 exchange, option premium, VIX, covered put, labor relations, average price per share, inflation, phantom income, minority interest, 401a, debt service coverage, annual return


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use