Red Flags Rule guidance published

Written by Reed Tinsley | April 13, 2009

The Federal Trade Commission (FTC) published guidance to help organizations comply with the May 1 enforcement deadline on the Red Flags Rule, which forces hospitals to implement a documented 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” signaling potential 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.

About the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.

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