decisionhealth Newsletters, Part B News - 2009 Issue 11 (November)
Red Flag Rules set for Nov. 1; new law may exempt small practices
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Article Overview
This article covers a Federal Trade Commission identity-theft compliance initiative commonly referred to as the Red Flag Rules, along with a proposed congressional exemption for small businesses. It is relevant to medical practices and other creditors that allow payment after services, and it discusses the compliance context, timing, and general preparedness steps referenced by the source.
Why This Topic Matters
Medical practices may be treated as creditors under the FTC framework discussed in the article, so the timing of enforcement and any small-practice exemption could affect compliance obligations. The article helps readers determine whether they should review identity-theft prevention policies and monitor legislative or regulatory changes.
What You Will Learn
- The regulatory context behind the FTC Red Flag Rules
- Which types of organizations may be affected by the compliance initiative
- How pending legislation could change the scope of coverage for smaller businesses
- General preparedness topics for identity-theft prevention programs in a practice setting
Who Should Read This
- Medical practice administrators
- Compliance officers
- Billing and coding managers
- Small business owners in health care
- Revenue cycle staff
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