THIRD-PARTY ADMINISTRATOR (TPA)

with regard to health insurance, a fiscal intermediary establishment which renders administrative services, inclusive of underwriting and claims processing, for other parties, but doesn't carry ay insurance risk.

THIRD-PARTY ADMINISTRATOR (TPA): "Third-party administration is beneficial in allowing insured parties to feel certain that their claims are treated with fairness."
Cite this page: Nugent, Pam M.S., "THIRD-PARTY ADMINISTRATOR (TPA)," in PsychologyDictionary.org, April 29, 2013, https://psychologydictionary.org/third-party-administrator-tpa/ (accessed June 27, 2017).
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