Physicians would not be required to comply with the Federal Trade Commission’s “Red Flags” Rule under legislation approved by Congress. At press time, the bill was awaiting President Obama’s signature.
The Red Flags Rule defines what a creditor and financial institution must do to implement an identity theft prevention program. The Academy and other medical specialty organizations have advocated over the past four years to exclude physicians from the Red Flags Rule, saying it would increase their administrative burden and would affect the patient-physician relationship.
Since 2009, Congress has extended the deadline for Red Flags Rule compliance in an effort to consider the scope of entities that would be covered. The bill passed by the U.S. Senate and House of Representatives in early December excludes physicians from the definition of creditors.
For more information on the Red Flags Rule, visit www.ftc.gov/opa/2010/05/redflags.shtm or contact Trisha Calabrese at 800-433-9016, ext. 7124, or...