third party


Also found in: Dictionary, Thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia.

third party

Managed care A person or organization ancillary to the doctor-patient 'dyad', that participates in financing the services rendered–eg, a health insurance carrier, or administrates processing and paying claims for health services provided–eg, Blue Cross/Blue Shield, Medicare

third party,

n the party to a dental benefits contract that may collect premiums, assume financial risk, pay claims, and provide other administrative services. Also called
administrative agent carriers, insurers, or
underwriters.
third-party administrator (TPA),
n claims payer who assumes responsibility for administering health benefit plans without assuming any financial risk. Some commercial insurance carriers and Blue Cross/Blue Shield plans also have TPA operations to accommodate self-funded employers seeking administrative services only (ASO) contracts.
third-party payer,
n an organization other than the patient (first party) or health care provider (second party) involved in the financing of personal health services.
third-party payment,
n payment for services by someone other than the beneficiary (e.g., when an employer or union makes such payment).
References in periodicals archive ?
The employees retained legal title to the property; there was no intention to transfer ownership; the sales contracts were executory in nature, only executed if the property were not sold to a third party within a year; and the employee received any profits beyond the original contract price.
In conjunction with execution of the contract, companies should educate the third party about the requirements of the FCPA and relevant local laws concerning bribery.
The FTC's rules do, however, limit the extent to which a nonaffiliated third party may use and reuse the information that has been disclosed.
A consumer, before you disclose any nonpublic personal information about the consumer to any nonaffiliated third party, if you make such a disclosure other than as authorized by sections 216.
PC Tools hired independent testing facility -- Enex Testlab -- to evaluate how Windows Defender stacks up against Spyware Doctor(1) and other third party vendors.
A third-party special needs trust may be used in conjunction with a variety of estate planning strategies of the third party (usually a parent).
Ross Perot created this third party to support his candidacy in the 1996 presidential election.
Members should determine the level of due diligence the third party applied.
They may be sued for fraud or gross negligence if the third party could be expected to rely on fraudulent financial statements.
Together, they make it virtually impossible for any third party to get on the ballot, stay on the ballot or become much of a force in American politics.
Dan Cantor, a national organizer for the New Party, is certain that a third party is a realistic long-term option.
The Times-Mirror survey both indicates the growing dissatisfaction with the big two parties and casts doubt on Lowi's thesis: While roughly 20 percent of the electorate gives allegiance to neither major party, these voters are not waiting to be drawn into some new centrist third party.