Preferred provider organization

{
  "id": "MLC-T-ECS-001474",
  "term": "Preferred provider organization",
  "field": "Economic statistics",
  "definition": "Health plan provider that contracts with medical personnel to create a healthcare network that accepts a negotiated rate for services provided to members of the plan.\n\nNote: Participants may seek services from healthcare providers outside the network, but generally the costs are higher. The additional costs may be in the form of higher deductibles, higher coinsurance rates, or both, or in the form of nondiscounted charges from providers.",
  "abbreviation": "PPO",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/preferred-provider-organization/"
}