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Why Is CPT Code Accuracy Important in Revenue Cycle Management?
In the world of healthcare, Current Procedural Terminology (CPT) codes play a vital role in ensuring the smooth operation of revenue cycle management (RCM). These five-digit codes are used to describe medical, surgical, and diagnostic services, serving as the backbone for billing and reimbursement. Key Takeaways Accurate CPT coding ensures proper reimbursement, reducing claim denials and revenue loss. Coding errors can lead to compliance risks, payer audits, and legal penalties. Streamlining CPT coding is critical for optimizing revenue cycle management