Which statement accurately describes the difference between ICD-10 and CPT codes?

The distinction between ICD-10 and CPT codes is fundamentally based on their purposes in the healthcare system. ICD-10 codes, which stand for the International Classification of Diseases, 10th Revision, are specifically designed to identify diagnoses, conditions, or diseases that a patient presents. These codes help ensure that the patient's medical record accurately reflects their health status and facilitate data collection for public health purposes.

On the other hand, CPT, or Current Procedural Terminology codes, are utilized to represent medical, surgical, and diagnostic services and procedures provided to patients. They communicate the specific services performed by healthcare providers, such as consultations, surgeries, and various tests.

This clear demarcation between the two coding systems is crucial for accurate billing, data tracking, and patient care documentation, which is why the option indicating that ICD-10 codes identify the diagnosis and CPT codes are for procedures is the correct one. The other statements mischaracterize the functions and applications of both codes in clinical practice and billing.