Definitions for "THIRD PARTY ADMINISTRATOR"
Third Party Administrators provide investment reports and allocation, track vesting, and perform other administrative services.
an individual or firm hired by an employer to handle claims processing, pay providers, and manage other functions related to the operation of health insurance. The TPA is not the policyholder or the insurer.
A company that provides administrative services to MCOs or self-funded health plans but that does not have the financial responsibility for paying benefits.