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Practice Management Alert

Think the Red Flags Rule Doesn't Affect You? Think Again

Published on Fri Mar 20, 2009

Get to know the new identity theft rules that many practices are overlooking. Your practice follows all the HIPAA regulations, so you-re doing all you need to do to protect your patients, right? Not so fast. Starting May 1, you-ll need to have a concrete plan in place to identify stolen credit information. Here's what you need to know, according to the experts. Get to Know What the Red Flags Rule Is On May 1, the Federal Trade Commission will begin enforcing its -Red Flags Rule- for ensuring that businesses crack down on identity theft. Under the Red Flags Rule, -certain businesses and organizations -- including many doctor's offices, hospitals, and other health care providers -- are required to spot and heed the red flags that often can be the telltale signs of identity theft,- according to an article on the Federal Trade Commission's Web site. -To comply with the [...]
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