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Medicare Compliance & Reimbursement

RED FLAGS RULE :

CMS Gives More Time to Comply With Red Flags Rule

Published on Mon Apr 20, 2009

Deadline extends to August 1, but you'll need that time if you haven't already started. May 1 has come and gone -- and some practices haven't yet prepared for the government's Red Flags Rule, which was due to go into effect by then. However, CMS offers a gift to those practices that procrastinated with a three-month extension, now making the Red Flags Rule effective on Aug. 1. On April 30, the Federal Trade Commission, which oversees the government's implementation of the Red Flags Rule, announced the time extension, and also noted that "for entities that have a low risk of identity theft, such as businesses that know their customers personally, the Commission will soon release a template to help them comply with the law." Background: Under the Red Flags Rule, certain businesses -- including healthcare practices that bill patients after their services are completed -- are required to spot and heed the [...]
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