Professional Standards Review Organization Psro


Definition of "Professional standards review organization (psro)"

Jim Newcomb
Jim Newcomb Coldwell Banker Sky Ridge

Group that monitors government health insurance programs. Authorized by the 1972 amendment to the Social Security Act, PSROs were set up to cut costs and minimize abuses by checking on the need of applicants for care and the cost and quality of care.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

System Safety

Method of accident prevention whose objective is to detect system-component deficiencies that have the potential for causing accidents. ...

Leasehold Insurance

Coverage for a tenant with a favorable lease (enabling the lessee to rent premises for less than the market value). If the lease is canceled by the le ...

Constructive Total Loss

Partial loss of such significance that the cost of restoring damaged property would exceed its value after restoration. For example, an automobile is ...

Modification Rating

(also known as merit rating) method of setting property insurance rates by modifying or adjusting the manual rate for various classifications of risks ...

Government Insurance

Coverage under the auspices of a federal or state agency that can be either mandatory or elective. ...

Open Perils Policy

The open perils policy is the counterpart to the named perils policy. In it, any peril NOT mentioned is covered by the policy. Here's an example: let ...

Popular Real Estate FAQ

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate? The Ugly Truth About Open Houses

FAQ

What is a lock in? What is an escrow officer? What is a sales contract? What is an assumable mortgage? What is a basic policy?