Network

In healthcare, a network refers to a group of healthcare providers, facilities, and suppliers that have contracted with an insurance plan or managed care organization to deliver medical services to its members. Networks can include hospitals, physicians, specialists, pharmacies, laboratories, and other healthcare professionals. Insurance plans negotiate contracts with providers within their network to establish rates for services and ensure access to care for their members. Beneficiaries typically receive higher levels of coverage and lower out-of-pocket costs when they seek care from providers within their plan’s network, encouraging them to use in-network services whenever possible.