Final answer:
CPT stands for Current Procedural Terminology in the healthcare sector, which is a systematic coding system used by healthcare professionals to describe procedures and services for billing and documentation purposes.
Step-by-step explanation:
In the context of healthcare, the abbreviation CPT stands for Current Procedural Terminology. This is a set of medical codes used by physicians, allied health professionals, non-physician practitioners, hospitals, outpatient facilities, and laboratories to describe the procedures and services they provide to patients. The CPT coding system is essential for billing purposes as it standardizes the language and provides precise descriptions of medical, surgical, and diagnostic services. It serves as a universally accepted language that enables healthcare providers to communicate accurately and efficiently about medical procedures, ensuring clear documentation and appropriate reimbursement from insurance payers and Medicare.