Home > Term: Health Maintenance Organization (HMO)
Health Maintenance Organization (HMO)
A health plan provides comprehensive medical services to its members for a fixed, prepaid premium. Members must use participating providers and are enrolled for a fixed period of time. HMOs can do business either on a for-profit or not-for-profit basis.
- Part of Speech: noun
- Industry/Domain: Health care
- Category: General
- Company: PBS
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