Posted by Jason Greis on July 26, 2009 under Articles | 
The new deadline for health care providers, including LTACHs and other post-acute care providers, to comply with the “Red Flag” identity protection rules (the “Rules”), which were first published by the Federal Trade Commission (“FTC”) in 2007 as part of the Fair and Accurate Credit Transactions Act of 2003 (“FACTA”) is quickly approaching. On August 1, 2009, “financial institutions” and “creditors” covered by the Rules will be required to implement a written Identity Theft Prevention Program (“Program”) to define, detect, and respond to “Red Flags” in order to prevent and/or mitigate identity theft. Failure to comply with the Rules can result in the assessment of civil monetary penalties for violations. Read More...
Tags: FACTA, Fair and Accurate Credit Transactions Act, federal trade commission, ftc, greisguide, greisguidetoltachs, hha, hospital, identity theft, jason greis, ltac, LTACH, LTCH, red flag, snf
Posted by Jason Greis on February 24, 2009 under Articles |
On October 22, the FTC announced that enforcement of its Identity Theft Red Flag Rules, originally scheduled to begin November 1, 2008, will now be delayed until May 1, 2009. The reason for the delay is that many entities, including health care providers, have been uncertain or even unaware of their coverage under the Rules until this point. The extension will allow covered entities more time to comply with the mandate to create and implement a written identity theft prevention program. The FTC is also planning to provide additional guidance as to Rules themselves and to which entities the Rules apply, but no date has been provided for this guidance. Read More...
Tags: covered account, creditor, elizabeth diller, FACTA, Fair and Accurate Credit Transactions Act, federal trade commission, ftc, greisguide, greisguidetoltachs, health care, health insurance portability and accountability act, healthcare, hipaa, identity theft, j. brian jackson, ltac, LTCH, mcguirewoods, nathan kottkamp, red flag rules
Loading ...
GreisGuide News Feed