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tci Part B Insider - 2008 Issue 41
Records security: FTC: Physician Practices Could Be Considered 'Creditors'
Federal Trade Commission pulls in health care entities but extends rule deadline. You may have thought that compliance enforcement for your practice was under the purview of your carrier, CMS, and the OIG -- but now it looks like the Federal Trade Commission (FTC) wants to lay down the law with medical practices as well.Last summer, the FTC issued its "Red Flags Rules" that require financial institutions and creditors to create written identity theft prevention programs by Nov. 1. However, many businesses -- including health care practices -- didn't realize they should be considered "creditors" and weren't ready...
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