Are You Ready for the FTC Red Flag Rules?

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 25, 2009 -- The FTC Red Flag Rules will take effect on November 1, 2009. Will your practice be prepared and protected? If not, you’re not only putting yourself and your practice at risk; you’re also exposing your patients to the threat of identity theft.

The FTC Red Flag Rules:

The FTC Red Flag Rules are regulations that require physician practices such as chiropractors, dentists, and other healthcare providers to create, implement, and maintain written identity theft protection programs to prevent consumer identity theft. While some healthcare providers have regarded the FTC Red Flag Rules as an unnecessary burden on a healthcare system that is already strained, the FTC Red Flag Rules will actually benefit their practices by setting-up policies that protect themselves from identity theft and potential lawsuits from patients whose identity have been compromised.

The FTC Red Flag Rules and HIPAA:
How do FTC Red Flag Rules compare to rules set forth by the HIPAA (Health Insurance Portability and Accountability Act) privacy and security rules? In addition to protecting a patient’s personal health information under HIPAA, the FTC Red Flag Rules demand more comprehensive protection to ensure proactive identity theft detection and prevention, including:
• Credit card information
• Tax ID Numbers
• Social Security Numbers
• Employer Identification Numbers
• Insurance claim information

The Implications of FTC Red Flag Rules:
Don’t let your practice or your patients become a victim of identity theft. The FTC Red Flag Rules aren’t just mandatory. They’re smart for business as well as patient health and safety. Prevention doesn’t just apply to diseases in your healthcare practice. It also applies to identity theft. The sooner you implement the FTC Red Flag Rules into your practice, the sooner you’ll ensure 100% privacy, security, and compliance.

The FTC Red Flag Rules alert you to numerous kinds of suspect information, such as:
• Warnings from consumer reporting agencies

• Suspicious documents
• Inconsistent addresses
• Fictional Social Security Numbers
• Unusual patient billing practices
• Irregular photocopies and picture identification cards

How Do You Implement the FTC Red Flag Rules?
Prepare your practice for the FTC Red Flag Rules regulations by:
• Identifying the red flags in your practice
• Developing a written policy describing how your practice will adhere to FTC Red Flag Rules
• Defining a process for responding to red flags

• Creating an annual system to review and update FTC Red Flag Rules and policies

Do you need help preparing for the November 1, 2009 FTC Red Flag Rules? The Identity Advocate can help! Call 310.831.4400 or email info@theidentityadvocate.com. Visit www.theidentityadvocate.com.

About The Identity Advocate:

The Identity Advocate is committed to providing unparalleled education, consulting, resources, and investigations to help protect professionals, corporations, and consumers from the perils of identity theft and healthcare fraud. As your advocate, our mission is simple: Educate you on the risks, provide the support and resources you need to protect yourself, and help you report the crime if you become a victim.

Led by Linda Vincent, R.N., P.I., an identity theft and healthcare fraud prevention expert specializing in medical consulting and investigations, The Identity Advocate approaches these challenges with a unique perspective. With over 35 years of experience in healthcare, Ms. Vincent has seen it all. As a registered nurse, private investigator, and healthcare consultant, her experience includes hospital and physician audits, managed care consulting, and healthcare fraud education, training, investigations, negotiations, and case review.

Start protecting your identity today by calling The Identity Advocate at 310.831.4400 or emailing info@theidentityadvocate.com. Visit www.theidentityadvocate.com.

More information can be found online at http://www.theidentityadvocate.com

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