Final answer:
The statement 'Codes are owned by AOTA' is NOT true regarding CPT codes. Instead, these codes are owned by the American Medical Association. CPT codes signify the types of services provided and are reimbursed on a fee-for-service schedule. the correct option is (d).
Step-by-step explanation:
CPT codes, or Current Procedural Terminology codes, are used within the healthcare industry to identify and describe the specific services provided by healthcare professionals. These codes cover a wide range of services and can be based on either the time spent providing a service (timed) or can be for services that are not dependent on time (untimed services).
They are typically reimbursed based on a fee for service schedule, which means that each individual service is billed and paid for separately. However, it is important to note that CPT codes are not owned by the American Occupational Therapy Association (AOTA); they are actually owned and maintained by the American Medical Association (AMA).