The deadline has been extended—once again—for physician practices to have in place policies to protect against patients’ identity theft under a new Federal Trade Commission (FTC) “Red Flags Rule.” The new deadline is Dec. 31, 2010.
FTC’s “Red Flags Rule” requires creditors to protect clients’ personal identifying information, such as insurance information, from being used fraudulently. FTC considers physician practices to be creditors, but the American Medical Association (AMA) and others disagree with this interpretation and have filed suit to prevent FTC from extending the rule to physicians.
Click here for an explanation of the rule and a sample compliance policy developed by the AMA. Also see the May 2010 issue of IDSA News.
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