Definitions for "Competitive Medical Plan"
Keywords:  tefra, medicare, hmos, cmp, mco
This refers to permission given by the federal government that allows an organization to write a Medicare risk contract.
A mechanism created in TEFRA to enable organized provider groups, in addition to Federally qualified HMO s, to participate in Medicare; these may be hospitals, medical group practices, PPO s, non-Federally qualified HMOs or other entities that meet certain financial solvency requirements. The CMP must be Federally approved to participate in Medicare.
A status, established by TEFRA and granted by the Federal government, to an organization that meets specific requirements enabling that organization to obtain a Medicare risk or cost based contract.