Preferred Provider Organization(redirected from Participating provider option)
Also found in: Dictionary, Medical, Legal, Wikipedia.
Preferred Provider Organization
Preferred Provider Organization (PPO).
A preferred provider organization (PPO) is a network of doctors and other healthcare providers that offers discounted care to members of a sponsoring organization, usually an employer or union.
You may also arrange private insurance coverage through a PPO.
If you're insured through a PPO, you make a copayment for each visit to a healthcare provider, though certain diagnostic tests may not require copayment.
You typically have the option to go to a doctor or other provider outside the network, but you pay a larger percentage of the cost, called coinsurance, than if you used a network doctor.