October 29, 2008
Webinar: Practical Advice for Implementing A Red Flag Identity Theft Program
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Alissa Smith and Heather Campbell discuss the Federal Trade Commission (the FTC) final regulations, called the Red Flag Rules, and how they affect your business. These rules require financial institutions and other "creditors" with "covered accounts" to adopt written Identity Theft Prevention Programs by November 1, 2008. Healthcare providers are subject to the Red Flag Rules if they meet the definition of "creditor" and maintain "covered accounts". In our October 9, 2008 Vital Signs Alert, we advised that healthcare providers will likely be subject to the Red Flag Rules if they regularly permit patients to defer payment for their medical care, such as through deferred payment plans. With the November 1st deadline fast approaching, many healthcare providers have been working to implement a new Identity Theft Prevention Program, and/or to review and revise their existing policies and procedures for compliance with the Red Flag Rules.