Three or more providers that share facilities, office personnel, expenses, equipment, financial and medical records, and income in a medical practice. A group practice may represent a partnership, but not necessarily, a single specialty, or a range of specialties (i.e., multispecialty group practice). Also called group medicine or medical group practice .
Insurance Encyclopedia
group practice model (GPM)
Type of health maintenance organization (HMO) in which the physicians in the plan share a central facility.
group practice prepayment plan (GPPP)
Managed care plan in which members pay a monthly premium and the plan offers medical services without additional fees. For some patients, Medicare Part B pays the GPPP directly for services given to beneficiaries.
group practice without walls (GPWW)
See: group without walls (GWW) .
Group property and liability insurance (Liability Insurance/Property Insurance)
A policy providing liability and property insurance in a fashion similar to a group life insurance policy.
Group provider number
A number assigned to a group of physicians submitting claims under the group name and reporting income under one name; used instead of the individual’s physician’s number (PIN) for the performing provider.
Group renewable term insurance (Pensions)
A group life insurance policy that only covers a certain pre-defined period of time, usually a year. This type of policy is renewable at the end of the policy’s term.
Group representative
Salaried employee of the insurance company who assists insurance agents and brokers in acquiring, soliciting, and negotiating with potential buyers for group insurance and to service group contracts. The representative also renegotiates renewal policies.
Group retirement income insurance (Pensions)
Group insurance policy with an equal premium throughout the policy, which provides a retirement income.
Group rider
Provision that adds group benefits to a basic insurance plan that is chosen by an employer for all employees who take out the insurance coverage.