This glossary is for non-commercial educational purposes only. The
definition of the
terminology below is only a brief description and should not be considered factual or
the only definition possible. This information is only to help better inform you
of information related to liquidations.
An HMO is a prepaid medical service plan that provides a wide range of comprehensive health care services for a specified group or individuals (members) for a fixed periodic payment.
Hold Harmless Clause
A clause frequently found in managed care contracts whereby the HMO and the physician hold each other not liable for malpractice or corporate malfeasance if either of the parties is found to be liable. Many insurance carriers exclude this type of liability from coverage. It also may refer to language that prohibits the provider from billing patients if their managed care company becomes insolvent. State and federal regulations may require this language.
