Red Flag Rules for Health Care Providers

Red Flag Rules apply to many types of businesses in protecting
consumers from Fraud an Identity Theft...one of these areas is
Red Flag Compliance for Health Care Providers

Red Flags Identification

Identification involves an evaluation of covered accounts (i.e. billing and records accounts) and the methods available to open, access, modify or close those accounts.

Preliminary questions helpful in identifying red flags might include the following:

• How is an individual’s identity verified before opening or accessing a covered account?
• What information is required for such verification?
• What is done with that information once it is collected?
• What third party service providers have access to data?

Penalties For Noncompliance

The Act can subject organizations to civil monetary penalties at both the federal and state level.

Although the FTC has not yet begun formal enforcement, fines could be assessed against each of a noncompliant companies’ covered accounts, retroactively, as the Red Flags Rules are in force.

The FTC has indicated that they may initiate investigations based on consumer or third party complaints (which can be initiated easily at the FTC Website or other government agency).

Federal authorities may impose up to a $2,500 fine for each knowing violation. 15 U.S.C. §1681s(a)(2)(A). A state may impose up to a $1,000 fine for each willful or negligent violation. 15 U.S.C. §1681s(c)
(1)(B)(iii).

MEDICAL ID THEFT

Health Providers- Watch this Medical Identity Theft VIDEO


What Should We Do After We Watch the Video?

Bookmark this page and return to the following information

Check out the Services of Red Flags Compliant, which will help
your Group with Red Flag Compliance now and for the next
12 months of ongoing maintenance and Red Flag Updates.

Compare the Price of One Year of Service with the Fines that
can be assessed by the FTC and discuss the Civil Litigation
Exposure with your Group.

Organizations may be eligible for our Referral Program.
Contact Us at GetCompliant@gmail.com

You Are Invited to Attend our Red Flag Rules Webinar
Just click to Register
Tue, Sep 1, 2009 8:30 PM - 9:30 PM EDT

Contact Us: getcompliant@gmail.com