Third-Party Administrator
/ˈθɜrdˌpɑrti ædmɪnɪˈstreɪtər/
Definitions
- (n.) An entity contracted by organizations, especially insurers or employers, to manage claims, employee benefits, or other administrative services.
The insurance company hired a third-party administrator to process employee health claims.
Forms
- third-party administrator
- third-party administrators
Related terms
See also
Commentary
Third-party administrators play a critical role in outsourcing administrative functions to reduce conflicts of interest and improve efficiency in benefit and insurance claims processing.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.