Advanced Search

Practice Management Alert

News You Can Use:

Breathe Easier Thanks to the Red Flags Rule Delay

Published on Tue May 19, 2009

Youll have more time to get your practice in shape. If youre still trying to figure out whether the governments new Red Flags Rule applies to your practice, youre in luck. The Federal Trade Commission (FTC) delayed the May 1 compliance deadline. But that doesnt mean you can put identity theft policies on the back burner -- heres what you need to know. Be Ready By August 1 Just one day before the original compliance deadline, the FTC, which oversees the governments implementation of the Red Flags Rule, announced that youll have until Aug. 1 to get your practice ready. More good news: The FTC also noted in the delay announcement 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. Reason for the delay: Many medical practices [...]
You’ve reached your limit of free articles. Already a subscriber? Log in.
Not a subscriber? Subscribe today to continue reading this article. Plus, you’ll get:
  • Simple explanations of current healthcare regulations and payer programs
  • Real-world reporting scenarios solved by our expert coders
  • Industry news, such as MAC and RAC activities, the OIG Work Plan, and CERT reports
  • Instant access to every article ever published in Revenue Cycle Insider
  • 6 annual AAPC-approved CEUs
  • The latest updates for CPT®, ICD-10-CM, HCPCS Level II, NCCI edits, modifiers, compliance, technology, practice management, and more

Other Articles in this issue of

Practice Management Alert

View All