What does the term "Open Panel" describe in health insurance?

The term "Open Panel" in health insurance refers to contracts that allow healthcare providers to treat non-members. This concept contrasts with closed panel arrangements, where providers are limited to treating only members of a specific health plan. Open panel arrangements enhance accessibility and flexibility for patients, as they enable individuals who are not enrolled in a particular health plan to receive care from the provider. This can facilitate broader choice and better access to healthcare services, appealing to both providers and patients seeking options outside of stringent network limitations.

In this context, it’s important to understand how open panels function in contrast to more restricted networks, which can impact a patient’s options and the provider’s revenue opportunities. The flexible nature of open panels can be particularly beneficial in emergency situations or when specialized care is needed outside a specific plan's network.