Individual Practice Association Health Maintenance Organization (HMO)

Definition of "Individual practice association health maintenance organization (HMO)"

Richard McKinney Broker real estate agent

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Richard McKinney Brokerelite badge icon

ReMax Gold

Health maintenance organization that provides medical services to the HMO members through an exclusive contract with specific physicians and hospitals. These selected physicians and hospitals provide medical services to both HMO members and non-HMO members. Generally, HMO members may select the primary care physician of their choice from the list of specific physicians. After rendering services to the HMO member, the physician is paid a predetermined fee by the HMO.

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