Definitions for "HOLD HARMLESS CLAUSE"
A frequently found clause in managed care contracts whereby the HMO and the physician agree not to hold each other liable for malpractice or corporate malfeasance if either of the parties is found to be liable in a court of law.
A provision in a managed care contract that protects ("holds harmless") the MCO from all costs involved in defense, settlement, and judgment of patients' claims of injury, regardless of potential malpractice, negligence, or policies of the MCO. Also a clause that prohibits a provider from seeking payment from an enrollee if the health plan becomes bankrupt.
A clause in a contract by which one party agrees to assume the liabilities of the other party.