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


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | 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