Revenue Cycle

Red Flags Rule guidance published

Patient Financial Services Weekly Advisor, April 10, 2009

The Federal Trade Commission (FTC) published guidance April 7 to help organizations comply with the May 1 deadline on the Red Flags Rule, which forces hospitals to implement a written identity theft prevent program.

The report offers four steps to complete compliance with the Rule:

  • Include reasonable policies and procedures to identify the “red flags” of identity theft
  • Design your program to detect red flags that you have identified
  • Spell out appropriate actions you’ll take when you detect red flags
  • Address how you will re-evaluate your program periodically

Read the complete FTC report.

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