POS (Point of Service) plans are more flexible than HMOs, but they also require you to select a Primary Care Physician (PCP). Depending on your insurance company's rules, you may choose to visit a doctor outside the network and still receive coverage but the amount covered will be substantially less than if you went to a physician within your network These plans tend to offer more preventive care and well-being services, such as workshops on smoking cessation, and discounts to health clubs. You must choose a PCP. While you may choose to see a physician outside the network, if you don't receive permission from your PCP, you're likely to wind up submitting the bills yourself and receiving only a nominal reimbursement if any
Point of Service health plans combine the features of an HMO with those of out-of-network, fee-for-service coverage. Out-of-network usage typically has a per person cap, POS options or products that may be offered by managed care programs or indemnity insurers.
A category of systems that use personal computers or specialized terminals in combination with cash registers, optical scanners or magnetic-stripe readers to capture and record data at the time of transaction. POS systems are usually online to a central computer for credit checking and inventory updating. Alternatively, they may be independent systems that store daily transactions until they can be transmitted to the central system for processing.
A Point of Service plan is an open access plan that provides the opportunity to use either network or non-network health care providers. Care delivered within the network is covered as an HMO plan. Outside the network, care is subject to deductible and co-insurance.
A plan that offers HMO coverage along with a benefit for members to obtain care from providers outside of the HMO network. Usually the services obtained outside the HMO network are subject to higher patient cost sharing requirements.
(Point of Service) Plan: A type of managed care plan that allows members to choose whether to seek medical care within the plan's network or seek medical care out of network at the point of service (i.e., at the time services are rendered).
A server that provides an interface between Cardholder software and Acquirer payment systems. It communicates with both cardholder and payment systems using messages that adhere to a specific payment protocol such as SET or SSL. See also Server POS.
Point of Sales, the spot in a store where every transaction takes place OR Personal Operating Space, a space about a person or object that typically extends up to 10 meters in all directions and envelops the person whether stationary or in motion.. Also see PAN.
also Point of Service. A health insurance plan providing various levels of benefits which differ based on how each provider enrollee chooses to receive care. With Wellmark's Point of Service models, you will choose a primary care provider (PCP) from the Wellmark Health Plan of Iowa network. Then, when you need medical care, you have options. You may receive care from your PCP or have your care coordinated through your PCP for the highest level benefits--the least expensive of your options. Or, you may refer yourself without consulting your PCP for a lower level of benefits--a higher co-payment and/or coinsurance. Blue Choice® is a three-level point of service plan.
POINT OF SERVICE. A health plan that allows the insured to choose between HMO benefits and providers and PPO benefits and providers at the time the service is selected. Requires the insured to be more knowledgeable of and responsible for decisions of choice.
Point of Service. This plan is a managed care program that has two components: in-network benefits and out-of-network benefits. You receive the highest level of coverage when you receive in-network benefits. When you receive out-of-network benefits, you will incur higher out-of-pocket expenses. You will be responsible for meeting an annual deductible before services are reimbursed and paying a fixed percentage coinsurance amount or co-payment for out-of-network services. You may also need to pay the difference between our payment and the actual charges for services received.
Point of Service. As in an HMO plan, the patient must select a primary care physician (PCP). However, the covered person may choose at the time he or she seeks medical services whether to use a network or non-network provider. Network providers accept pre-negotiated fees from insurance carriers as payment for various services, with patient responsibilities for a co-payment at the time the service is provided. If the patient uses a non-network provider, he or she must satisfy the deductible and coinsurance requirements. If the patient chooses a non-network provider, he or she will assume a larger portion of the cost.
A plan in which members do not have to choose the coverage for services until they need them. The most common use of the term applies to a plan that enrolls each member in both an HMO (or HMO-like) system and an indemnity plan. Occasionally referred to as an "HMO swing-out plan" or "out-of-plan benefits rider" to an HMO, or a "primary care PPO." These plans provide different benefits (e.g.. 100% coverage rather than 70%) depending on whether the member chooses to use the plan or go outside the plan of services. Dual choice refers to an HMO-like plan with an indemnity plan, and triple choice refers to the addition of a PPO to the dual choice. An archaic but still valid definition applies to a simple PPO, where members receive coverage at a greater level if they use preferred providers (albeit without a gatekeeper system) than if they choose not to do so.
Point of Service A provision that would allow patients in certain managed care plans which limit choice of doctors and hospitals to seek treatment outside the plans. Patients who use this option would pay more.
Generic marketing terms to describe displays or systems which provide information, advice or advertisements, usually to the public, in a commercial environment such as a department store or shopping mall, or recreational site such as an exhibition centre or museum. For systems which promote or even sell products or services, POS is preferred in the UK, POP in the USA. POI tends to distinguish systems which are primarily educational or instructive (but which may also include, secondarily, advertising). Transactional systems can also process orders and often accept payment by credit card.
Point of Sale system. The computerized (usually touch screen) system that replaces cash registers. It is very capable of assisting in getting the sales information recorded more correctly. Usually will cost more than $20,000.
Point of Service. An insurance model which determines coverage by where care is provided at the time of delivery, rather than by enrollment. POS plans allow enrollees to choose between a network and out-of-network providers. Network or contracted providers are paid on a pre-paid, contractual basis and non-network providers are paid on a fee-for-service basis. Enrollees are given the option of choosing non-network physicians at the cost of higher copayments or deductibles.
Point of Sale. is any checkout counter in a retail or wholesale outlet. Much more complex than the cash registers of even just a few years ago, the POS system can include the ability to scan barcodes, record and track customer orders, process credit and debit cards, connect to other systems in a network, and manage inventory. Generally, a POS terminal has as its core a personal computer, which is provided with application-specific programs and I/O devices for the particular environment in which it will serve.
Point-of-service. Point-of-service plans are managed care plans that cover both in-network and out-of-network services. To encourage use of network providers, patient out-of-pocket costs are higher when non-network providers are used. POS plans generally manage in-network services more tightly than PPOs because POS plans use gatekeepers.
Point of Sale. In the brick-and-mortar business, this is the point at which a product is paid for. Merchant Sales are conducted by credit card-swipe terminal. On the Internet, this is the software that enables the merchant to accept transactions on their online store (see 'ePOS' above).
"Point-of-Service" is a health plan option that allows members to choose to receive services from providers who are not part of the HMO's network. This option often has higher premiums than HMO coverage and requires the member to pay a portion of the cost for care for out-of-network services.
Point of service. A primary care physician acts as a gate keeper to further medical care. The member pays fewer out-of-pocket expenses than with a contracted physician and has the option to go outside of the network at an increased cost.
Option offered by a health plan allowing the covered person to choose to receive a service from a participating or non-participating provider, with different benefit levels associated with the use of each.
Point Of Service. An insurance plan that works within a participating group of providers and facilities to reduce the cost of health care. Patients with this type of insurance need referrals to receive the best level of coverage. They can see Non-Participating Providers, but are generally responsible for a considerable amount of the cost themselves.
Point of Service. A healthcare plan that encourages the use of participating providers but does not require it. A POS plan gives the member the option of seeing a provider outside the network but the plan pays a reduced rate and the member will have more out-of-pocket expenses.
Point of Service plans have similar rules to HMOs, though they tend to be more flexible in offering referrals outside of the network and providing some coverage for self-referrals. Thus, if your employees visit their Primary Care Provider (PCP) and receive referrals to specialists when necessary, their costs and coverage are likely to be similar to an HMO. However, if they refer themselves to a specialist or doctor outside of the plan's network, they may need to pay a deductible and coinsurance (a portion of the medical fees).
Point of Service Plan provides benefits for covered services received from both participating (primary) and non-participating providers. when you enroll in a POS, you choose a primary care physician (PCP) for general care except for emergency and direct access benefits. You are responsible for copayment or coinsurance payments. Care received on a self-referred basis will be subject to higher out of pocket costs such as deductibles, coinsurance and balance billing. You are responsible for obtaining pre-certification for services provided by non-participating or non-network providers.
Point of Serviceâ€ is a type of group insurance with a combination of HMO and PPO characteristics. The policyholders must use a primary care physician, but they can use other network health providers when needed or go to out-of-network providers, at higher cost.
a type of insurance benefit offered to an insured where the insured can choose to use a non-participating provider at a reduced coverage level. If the consumers should choose to go outside of the preferred provider panel, they will usually incur a significant copayment or deductible. Other names are opt-out HMO, self-referred HMO, open-ended HMO, HMO wraparound, open-access HMO, and free-ranging HMO.
Point of Service. A product offered by an HMO or FFS plan that has features of both. In an HMO, the POS product lets you use providers who are not part of the HMO network. However, there is a greater cost associated with choosing these non-network providers. You usually pay deductibles and coinsurances that are substantially higher than the payments when you use a plan provider. You will also need to file a claim for reimbursement, like in an FFS plan. The HMO plan wants you to use its network of providers, but recognizes that sometimes enrollees want to choose their own provider. In an FFS plan, the plan's regular benefits include deductibles and coinsurance. But in some locations, the plan has set up a POS network of providers similar to what you would find in an HMO. The plan encourages you to use these providers, usually by waiving the deductibles and applying a copayment that is smaller than the normal coinsurance. Generally, there is no paperwork when you use a network provider.
Point of Sale. The information management at the point of sale. At the point of reading the barcode of sales product at the POS register in the shop, by the computer processing, sales staffs can process the cash flow, of course, exchange the stock files, and any other information related to the sales management.
An HMO plan that also incorporates an indemnity plan option. You can decide whether to go to a network provider for lower out of pocket costs, or go to an out-of-network provider and higher out of pocket costs.
point of sale. The place in a retail store where products are scanned through the register system, data is collected, and sales are tendered. POS also describes sales data generated by checkout scanners.
Point of Service: a type of plan that combines features of managed care and traditional insurance. Enrollees may choose participating doctors or out-of-network providers, but they usually pay a large copayment if they choose the latter.
Point of service. A "tiered" health plan under which your coverage level is determined by where you receive care. You pay the least for care coordinated by your primary care doctor, a higher amount if you see a specialist in your network without a referral and even a higher cost if you go to a doctor outside the network.
Point of Service. A product offered by an HMO or FFS plan that gives you the choice of using a selected network of providers, like an HMO, or using non-network providers at an additional cost. If you dont use the network, you must pay substantial deductibles, coinsurance, and copayments.
Point Of Service. "The POS plan is a hybrid HMO plan. With a POS plan, participants can elect whether to receive treatment within the plan's managed HMO network, or go outside the newtwork to receive benefits. Simply put, a POS plan is an HMO plan with out-of-network benefits."
Point Of Sale. The time and place at which a sale occurs, such as a cash register in retail operation, or the order confirmation screen in an on-line session. Supply chain partners are interested in capturing data at the POS, because it is a true record of the sale rather then being derived from information such as inventory movement.
A point-of-sale (POS) terminal is a computerized replacement for a cash register. Much more complex than the cash registers of even just a few years ago, the POS system can include the ability to record and track customer orders, process credit and debit cards, connect to other systems in a network, and manage inventory.
Point of Sale, referring to any activity conducted during a mutual fund sales transaction. Prospectus Express® – A NewRiver solution that enables financial firms to provide disclosure documents cost-effectively over the Web throughout the investor life cycle.
Point of Service. A type of managed care plan in which members may obtain services from providers within the plan's network or go outside of the network for treatment. Members typically pay a portion of the cost of their care when they seek treatment outside of the network.
Point of Service. Plan A health plan that offers its members the option of receiving services from participating or non-participating providers. Generally coverage is reduced for services by non participating providers
Point of Sale. Can mean the physical location of a transaction, but usually refers to any device or system that is used to record the transaction for the retailer. Also, sometimes used to classify all of these together - i.e. the POS industry.
Point Of Sale. A location where credit card transactions are performed with the cardholder present, such as a retail store. The card is read magnetically, and the cardholder's signature is obtained as insurance against the transaction. This is the most secure form of credit card commerce.
Point of Service. A Managed Care health plan that encourages its members to seek care from certain providers by offering them more reimbursement. Care sought outside the network, however, is still covered just at a lower reimbursement level. Some plans include a POS policy into an already existing HMO health plan.
Point of Service. POS plans are similar to HMO plans. However, POS members have higher out-of-pocket (co-insurance) payments if they choose to directly seek specialists without referrals from their Primary Care Physicians.
(Point of Service) - An HMO plan combined with a PPO plan - you have the option to go either way. Also called an open-ended plan. Permits members to use their HMO plan with the benefit of a lower copayment or member may choose to go out of their plan and pay the higher copayment.
Point-of-sale is the term used to classify a Visa transaction where goods or services are purchased (as opposed to a Visa transaction where cash is withdrawn). We also use it to describe a physical location where goods or services are sold to cardholders.
Point of Service. POS is a category of healthcare plans in which carriers negotiate agreements with a network of participating physicians to provide healthcare at a reasonable co-payment to participants.
Point of Sale information is the information generated by the UPC numbers showing which items were sold in the retail stores. This information drives reorders and helps determine which items are selling better than other items.
Point of Sale. The time at which the consumer is purchasing the product from the merchant and the merchant is processing the payment transaction. Point of sale is commonly used to refer to the payment terminals or software that merchants use to process the payment transaction. The Gateway offers a virtual POS terminal for merchant use at the point of sale.
Point Of Sale. Also a national network of merchant terminals, at which customers can use client cards and personal security codes to make purchases. Transactions are directed against client deposit accounts. POS terminals are sophisticated cryptographic devices, with complex key management processes. POS standards draw on ABM network experiences and possess extremely stringent security requirements.
Point of Sale. A term used in the payments industry that refers to the physical location where a payment transaction takes place. POS is also used to describe credit card payment acceptance systems that are designed for the place of sale, such as card swipe terminals.
Point Of Sale. The place where credit card transactions are performed with the cardholder present, such as in a retail store. The credit card is read magnetically, with the cardholder signing a receipt for the transaction.
Point-of-service plan: A type of managed care plan in which enrollees have more flexibility in choosing health care providers than typical HMO enrollees, but not quite as much flexibility as PPO enrollees.
Point-of-Sale. POS sites are locations where food services is provided, such as the cafeteria, snack bar, a pizza stand, or the bookstore. POS equipment refers to hardware that processes point-of-sale transactions.
Point of Service. an option that a health insurance issuer offers to enrollees health insurance coverage which provides for coverage of services only if such services are furnished through health professionals and providers who are members of a network of health professionals and providers who have entered into a contract with the issuer to provide such services, the issuer shall also offer to such enrollees (at the time of enrollment) the option of health insurance coverage which provides for coverage of such services which are not furnished through health professionals and providers who are members of such a network.
Point of Sale. Term for several types of financial services that facilitate retail payment at a merchant location, i.e., check guarantees or transactions that withdraw funds directly from customer's accounts to pay for the goods or services being purchased.
Point of Sale. The term refers to two types of terminals used in retail stores: (a) A terminal with magnetic stripe reader, keyboard, display and auto dialer modem, connected to the telephone network and used for on-line credit/debit authorization; (b) A more complex terminal including the above features less the modem, connected to a host computer, which handles all transaction processing including item price look-up (PLU), data collection, and credit/debit authorization.
Point-of-Sale is a term commonly used for many different situations. The most common meanings relate to equipment that is used to record a transaction at the point-of-sale, hence the name. Credit authorization and the higher functionality cash register devices are commonly referred to as POS terminals or electronic point-of-sale terminals (EPOS). POS also describes certain promotional materials that are placed at the Point-of-Sale.