preferred provider organization
noun /prɪˌfɜːd prəˈvaɪdər ɔːɡənaɪzeɪʃn/
/prɪˌfɜːrd prəˈvaɪdər ɔːrɡənəzeɪʃn/
(abbreviation PPO)
- (in the US) a special type of health maintenance organization (HMO) which provides health insurance for groups. Companies often pay most of the cost for their employees.