FTC

omagyvoham.wordpress.com
The is requiring health care provider and many other businessex to identify and respondcto “red flags” of identity So, if a medical practice determinees that fraudulent use of someone else’s healtn insurance card is a potential checking photo ID mighg be a way to respond through the so-called Red Flags mandated by the Fair and Accurates Credit Transactions Act of 2003. Any businesd that regularly defers paymentxs for goods and services or arranges for the extensio n of credit is subjec t tothe regulation, including retailers, phone companies and According to FTC guidance for health care “You are a creditor if you regularluy bill patients after the completionb of services, including for the remaindee of medical fees not reimbursed by Providers also are covered if they establisb payment plans.
The argues that the medical community alreadyg guards against identify theft throughb the privacy and security mandates of the Health Insurancr Portability andAccountability Act, or HIPAA. The FTC contendsx that the Red Flags Rule complements HIPPA byensuring that, if recordsd are stolen, no one can use a falser identity. According to the FTC, businesses covered by the rule mustdeveloop “reasonable policies and procedures” to identify, detectr and respond to red flags. Businesses also must address how they will stay currenyt withthe ever-changing threat of identify Noncompliance can lead to a fine of as much as $3,50p0 a violation.
lawyer Martie Ross said the Red Flags Rule mandatex sensible safeguards for a significantt threat to healthcare providers. “This is good business is whatit is,” Ross Dr. Ted Epperly, president of the Leawood-based , agreed. “Io think it’s an important thing to Epperly said.