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 .
Tag: MEDICAL
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 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 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 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.
Group sponsor
Individual or professional association that acts as an agent for the group and its members. It pays the dues and service charges to a health insurance plan and agrees to receive the plan’s certificate and information.
group universal life (GUL) insurance
Type of group life insurance policy that has flexible premiums, adjustable protection, not fixed, and it has investment earnings that allows for some tax benefits. The death benefit is established by the amount of the premium. In this type of policy, the insured can vary the premium and death benefit amounts during the life of the policy. A group member that leaves the group can continue coverage under the group plan. Also called group universal life program (GULP) .
group universal life program (GULP)
See: group universal life (GUL) insurance .