New Update to Red Flags Rules!
November 5, 2009
As is very typical with government, the implementation rollercoaster ride continues! The FTC has decided to delay the enforcement of the Red Flags Rules until June 1, 2010. Legislation is pending to exempt health care, accounting or legal firms with 20 or fewer employees; so they don’t want to push any policy into implementation knowing that it will probably not apply to many of those who are having to implement it.
You can read the bulletin here: http://www.ftc.gov/os/2009/10/091030redflagsrule.pdf
As a chiropractic office, the policies that are within the Red Flags Rules should already be in place in all practices. Whether mandated or not, such policies reduce the likelihood of identify theft and insurance fraud in your office and following them is smart business. Making sure that you are making a copy of all insurance cards and a legal id on every patient will reduce the likelihood that your practice will be affected by the growing trend of identity theft. Previous practicalca posts cover the basics of the Red Flags Rules and you will find that most of what was to be required should already be in place in your office!
Practically Yours,
the PracticalCA
