tci Part B Insider - 2010 Issue 45

Privacy: New Red Flags Clarification May Exempt Physicians As 'Creditors'

But you should still make an effort to safeguard patient confidentiality, experts say. In a vote that came right down to the wire on the Red Flags Rule deadline, Congress voted last week to change the wording of who is considered a "creditor" in the government's eyes, and fortunately, medical practices no longer appear to fit the definition. This means that the Jan. 1 deadline to comply with the Red Flags Rule may not affect you. Background: Previously, the Red Flags Rule defined a creditor as any entity that bills a customer after rendering services. The Federal Trade Commission's...

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