CPT Code Descriptions Must Match Exactly to the Description of the Procedure

question 12

True/False

CPT code descriptions must match exactly to the description of the procedure performed in order to assign a code.

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Definitions:

Concentration Ratio

An indicator that measures the total market share of the top firms in an industry, used to assess the level of market concentration.

Competitive

Describes a market situation where multiple sellers are vying for the same customer base, promoting innovation and price reduction.

Excise Tax

A tax imposed on specific goods and services, such as tobacco, gasoline, and alcohol, often used to discourage their use and generate revenue.

Restrictions on Advertising

Regulations or limitations placed on the content, timing, and medium of advertising to protect consumers and promote fair competition.