If you’ve been putting off developing a compliance procedure for the new Red Flags rule aimed at preventing identity theft, the time has come to act.
The deadline has once again been delayed, this time until Dec. 31, 2010. In May, physician associations, including the AMA, filed a lawsuit to block the rule from being imposed on practices. But meanwhile, physician practices are not exempt from the rules.
Creditors — including most medical practices — must be able to spot the warning signs, or so-called “red flags,” of identity theft and have a process for preventing and responding to identity theft.
Here are a few tools and resources to get you started in understanding and complying with the FTC's new Red Flags identity theft rule:
Update on the rule from our blog, Practice Notes.
Read a recent PEARLS column on the Red Flags rule here.
Check out our suggested policy form for complying with the regulation.
See here for additional identity theft forms related to the regulation.