Understanding the Red Flag Rules - Log in - American Health ...

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Understanding the Red Flag Rules Notes/Comments/Questions Background – continued • Red Flag and Address Discrepancy Regulations were published in final form on November 9, 2007. • The initial mandatory compliance date was set for November 1, 2008. • October, 2008 - The Federal Trade Commission suspends enforcement of the new “Red Flags Rule” until May 1, 2009, to give creditors and financial institutions additional time in which to develop and implement written identity theft prevention programs. 3 Polling Question #1 Has your organization established an identity theft prevention program in compliance with the Red Flag Rules? a) Yes b) No 4 AHIMA 2009 Audio Seminar Series 2
Understanding the Red Flag Rules Notes/Comments/Questions Impact on Health Care Providers • A health care provider comes under the Red Flag Rules if the provider meets the definition of a “creditor” or uses consumer credit reports. • A “creditor” is any person who regularly extends, renews, or continues credit; any person who regularly arranges for the extension, renewal, or continuation of credit; or any assignee of an original creditor who participates in the decision to extend, renew, or continue credit. 5 Impact on Health Care Providers • Covered Account • An account that a creditor offers or maintains, primarily for personal, family, or household purposes, that involves or is designed to permit multiple payments or transactions…. and • Any other account that the creditor offers or maintains for which there is a reasonably foreseeable risk to customers or to the safety and soundness of the creditor from identity theft, including financial, operational, compliance, reputation, or litigation risks 6 AHIMA 2009 Audio Seminar Series 3
Page 1 and 2: Understanding the Red Flag Rules We
Page 3 and 4: Faculty Nancy A. Davis, MS, RHIA Na
Page 5: Understanding the Red Flag Rules No
Page 9 and 10: Understanding the Red Flag Rules No
Page 29 and 30: Appendix Resource/Reference List Sa
Page 31 and 32: SYSTEM POLICY/PLAN TITLE: IDENTITY
Page 33 and 34: Program Requirements 1 XXX Response
Page 35 and 36: held in the Organization’s posses
Page 37 and 38: Attachment A: FTC Requirements and
Page 39 and 40: working smart A professional practi
Page 41: To receive your CE Certificate Plea

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