Healthcare Article -
The Federal Trade Commission's Red FlagS Rule
On August 1, 2009 the Federal Trade Commission (FTC) will begin enforcing the Red Flags Rule, which will require Hospitals to develop a written identity theft program as part of their organization’s overall risk assessment process. This program should be designed to protect against and identify specific risks that could affect patient and organizational privacy.
The FTC has issued guidance on the initiative.
3 Ways F&D Will Get Your Organization Started:
- Find out if the rule applies to your business or organization;
- Get practical tips on spotting the red flags of identity theft, taking steps to prevent the crime, and mitigating the damage it inflicts; and
- Learn how to put in place your written Identity Theft Prevention Program.
Use the following link to visit the FTC’s Red Flags Rule site:
http://www.ftc.gov/redflagsrule
In addition to the FTC guidance on the Red Flags Policy the American Hospital Association has created a Red Flags Rule Resources section on their website that discusses the implementation of the rule and includes a sample policy for organizations to use as a benchmark for compliance.
Use the following link to visit the AHA’s Red Flags Rule Resource Section: http://www.aha.org/aha/advocacy/compliance/redflags.html
Find out how our Boston healthcare accounting consultants can help your organization comply with the FTC's Red Flags Rule identity theft procedures. Email us or call us at 1 (888) 875-9770.
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