A Health Maintenance Organization (HMO) is a type of managed health care plan. An insurance policy is combined with a network of medical providers like doctor’s, hospitals, and pharmacies. The network providers agree to the network policies for providing care and setting prices. In return, network providers get added to the list which should provide them with a steady stream of patients.
Because of this arrangement, the medical provider can keep attracting patients, and perhaps save some costs associated with that activity. A doctor’s office, for instance, that can count on a steady stream of regular patients, may be able to charge less for an appointment than a doctor’s office without a full schedule. (more…)


Tue, Nov 18, 2008
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