CPT® codes are five-digit identifiers that form the universal system describing and reporting medical services for payment. Created more than 50 years ago by the American Medical Association (AMA), these five-digit codes are used by consumers to make medical service purchasing decisions.
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The negotiated insurance price is the contracted amount of payment between your health insurance plan and a provider for an outpatient healthcare service. Your financial responsibility is dependent on your health insurance plan benefits. If you have not reached your health insurance plan deductible limit or have additional cost sharing responsibilities such as copayments or coinsurance, your financial responsibility will be based on this negotiated insurance price.