Health Care
Third party administrators are prominent players in the managed care industry and have the expertise and capability to administer all or a portion of the claims process. They are normally contracted by a health insurer or self-insuring companies to administer services, including claims administration, premium collection, enrollment and other administrative activities. A hospital or provider organization desiring to set up its own health plan will often outsource certain responsibilities to a TPA.
For example, an employer may choose to help finance the health care costs of its employees by contracting with a TPA to administer many aspects of a self-funded health care plan.
Read more about this topic: Third-party Administrator
Famous quotes related to health care:
“Some fear that if parents start listening to their own wants and needs they will neglect their children. It is our belief that children are in fact far less likely to be neglected when their parents’ needs—for support, for friendship, for decent work, for health care, for learning, for play, for time alone—are being met.”
—Wendy Coppedge Sanford. Ourselves and Our Children, by Boston Women’s Health Book Collective, introduction (1978)