Melli

What Is a Third-Party Administrator (TPA)?

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A third-party administrator (TPA) is an organization that performs certain administrative functions on behalf of a insurance company or self-insured company. The TPA may be responsible for claims processing, plan design and implementation, plan marketing, plan administration, and/or provider relations. Which of the following is an example of a Third Party Administrator? A Third Party … Read more

White Knight Definition.

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A white knight is a friendly acquirer that is brought in by a target company to ward off a hostile takeover by another company. A white knight acquirer is typically chosen because it is seen as a better alternative to the hostile acquirer, in terms of both financial and strategic fit. The term “white knight” … Read more