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Federal Trade Commission (FTC) Red Flags Rule

The FTC has issued a regulation referred to as the “Red Flags Rule”, which requires organizations that extend credit to implement an identity theft prevention and detection program. The FTC has taken the position that this rule applies to physicians in that many physician practices extend credit by allowing deferred payment until services are rendered and insurance collected. Following are educational and policy resources that will assist physician society members to comply with this new regulation before August 1, 2009:

• Letter to Physician Society Members
• Information from the American Medical Association
• Policy Template