Meaning of preferred-provider organization

pre•ferred'-pro•vid'er organiza"tion

Pronunciation: (pri-fûrd'pru-vī'dur), [key]
  1. a comprehensive health-care plan offered to corporate employees that allows them to choose their own physicians and hospitals within certain limits. Abbr.: PPO
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.