preferred provider organization

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Related to Preferred Provider Option: preferred provider organization

pre·ferred provider organization

n. Abbr. PPO
A health insurance plan in which members pay less for health care provided by professionals and hospitals affiliated with the plan.
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However, during Wednesday's marathon session the union yielded, agreeing to consider some form of preferred provider option, Allred said.
DOD's beneficiaries may enroll in TRICARE's Prime option and go to a network provider to receive care; without enrolling, they can see a network provider through the preferred provider option, Extra; or they may elect to use Standard, the fee-for-service option.
She will also focus on launching new products and services for PacifiCare, including a new preferred provider option (PPO) product slated for early 2002.

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