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Answer:

As the designated standard for the electronic reporting of physician and other health care professional services under the Health Insurance Portability and Accountability Act of 1996 (HIPAA), CPT codes are updated annually and effective for use on Jan. 1 of each year.

Explanation:

Codes for laboratory testing must change due to several reasons:

  • Codes for laboratory testing changes very frequently because they are updated as often as a new model is formed. When an existing model is modified, its codes must change as well. A lab code is generated when a new model is created and becomes part of that model's nomenclature.
  • One example of a laboratory coding system that is universally accepted in the private practice circle of Medical practice in America is the CPT codes. CPT stands for Current Procedural Terminology.

  • So about why the CPT could be revised often, In 2021, the Current Procedural Terminology (CPT) codes were heavily revamped by the American Medical Association (AMA) in concert with the (CPT) Editorial Panel, the RVS Update Committee (RUC). The consortium stipulated that revisions to the CPT code will now be made annually. This move is the first of its kind in over 30 years of Americal Medical History.
  • The primary purpose for the revision was to ensure the simplicity of requirements, restore clinical relevance to the codes, and trim down on the volume of documentation required per se.

  • Another example of Laboratory test codes is the Logical Observation Identifiers Names and Codes (LOINC®).

  • This is the preferred standard adopted by the U.S. Federal Government to ease the facilitation of the exchange of clinical health information electronically. It also serves the purpose of ensuring universality, reducing ambiguity concerning the identification of  things that can be measured or observed
  • LOINC is revised even more frequently than CPT. Revision of LOINC takes place every biannually in June and December.

For more about laboratory codes, please see the following link:

https://brainly.com/question/4523423

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