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Tuesday, June 1, 2010

“RED FLAGS RULE” DELAYED UNTIL YEAR'S END

The Federal Trade Commission (FTC) has delayed until Dec. 31 enforcement of the "red flags rule" (PDF) that was scheduled to take effect June 1. TMA has joined with AMA and other medical societies in fighting the rule, which says physicians who regularly bill their patients for services (including billing for copayments and coinsurance) are creditors and must develop and implement written identity theft prevention programs for their practices. The programs must identify and respond to patterns, practices, or specific activities known as "red flags" that could indicate identity theft. Visit TMA's Identity Theft Compliance resource page for more information, including how to sign up for the Red Flag Rules Recorded Webinar.

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