Privacy:
New Red Flags Clarification May Exempt Physicians As 'Creditors'
Published on Tue Nov 23, 2010
But you should still make an effort to safeguard patient confidentiality, experts say. In a vote that came right down to the wire on the Red Flags Rule deadline, Congress voted last week to change the wording of who is considered a "creditor" in the government's eyes, and fortunately, medical practices no longer appear to fit the definition. This means that the Jan. 1 deadline to comply with the Red Flags Rule may not affect you. Background: Previously, the Red Flags Rule defined a creditor as any entity that bills a customer after rendering services. The Federal Trade Commission's (FTS's) Web site noted earlier this year that creditors included "many doctor's offices, hospitals, and other health care providers." As creditors, medical practices had to comply with the FTC's Red Flags Rule, which required creditors to develop programs to address identity theft prevention techniques, as well as tools to detect and [...]