HMO Meaning and
Definition
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An HMO (Health Maintenance Organization) refers to a type of managed care health insurance plan that offers a comprehensive range of medical services to its members. It is a system designed to provide healthcare services in an organized and cost-effective manner.
In an HMO, members are required to choose a primary care physician (PCP) from a network of approved healthcare providers. The PCP serves as a coordinator for all medical services and referrals within the network. If specialist care is needed, the PCP usually initiates the referral process.
HMOs are distinguished by their emphasis on preventive care and wellness programs. They prioritize regular check-ups, immunizations, and screenings to prevent major health issues and detect problems early on. In doing so, HMOs aim to maintain the health of their members and reduce healthcare costs in the long run.
One key characteristic of an HMO is that it typically covers only medical services rendered by providers within its network. Out-of-network services are usually not covered, except in cases of emergencies. This restricted network helps HMOs negotiate lower rates with healthcare providers, leading to lower premiums for members.
Overall, an HMO focuses on providing affordable healthcare options with a specific network of healthcare professionals and services, seeking to control costs while ensuring access to necessary medical care for its members.
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Other Common Misspellings for HMO
Etymology of HMO
The term "HMO" is an acronym for "Health Maintenance Organization". The word "maintenance" in this case refers to the organization's aim of providing healthcare services to its members on a regular and preventive basis, rather than just treating illnesses when they occur. The term "HMO" originated in the United States and emerged in the 1970s as a new model for managed healthcare.
Similar spelling words for HMO
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