Health Maintenance Organizations (Hmos): Health Maintenance Organizations represent 'pre-paid' or 'capitated' insurance plans in which individuals or their employers pay a fixed monthly fee for services, instead of a separate charge for each visit or service. The monthly fees remain the same, regardless of types or levels of services provided, Services are provided by physicians who are employed by, or under contract with, the HMO. HMOs vary in design. Depending on the type of the HMO, services may be provided in a central facility, or in a physician's own office (as with IPAs.)

 

Related Words

Health Maintenance Organizations (Hmos): Health Maintenance Organizations represent 'pre-paid' or 'capitated' insurance plans in which individuals or their employers pay a fixed monthly fee for services, instead of a separate charg . . . View Full Definition

National Institutes of Health (NIH): The NIH is an important U.S. health agency. It is devoted to medical research. Administratively under the Department of Health and Human Services (HHS), the NIH consists of 20-some separate . . . View Full Definition

Minimum Maintenance: The lowest required equity level that must be held with a broker in a margin account. See: Margin call.

Newborns And Mothers Health Protection Act (NMHPA): A federal law which mandates that coverage for hospital stays for childbirth cannot generally be less than 48 hours for normal deliveries or 96 hours for cesarean births.