IMPORTANT BREAKING NEWS

The May 1st deadline has been extended to August 1, 2009

for physician practices to become compliant.

The Federal Trade Commission (FTC) just voted to delay implementation of the Red Flags Rule until August 1, 2009.

The Florida Medical Association (FMA) is committed to helping physicians practice medicine in an increasingly complicated health care environment. As of August 1, 2009, all medical practices should be compliant with the FTC “Red Flags Rule.” In response, the FMA has developed resources to help physician practices make a thorough and effective transition.

To ensure your practice is in full compliance, review the FMA’s Red Flags Rule Frequently Asked Questions and Checklist.

Those who do not have adequate policies and procedures may face a penalty of
up to $2,500 per “knowing violation.”

Please visit these websites for additional resources:
American Medical Association (AMA) Practice Management Center
Offers in-depth guidance in making the transition, including a sample policy.

26 Illustrated Examples of Red Flags or Warnings of Possible Identity Theft
Descriptions of suspicious types of identification or financial activities.

FPIC Insurance Group, Inc. Red Flags Rule Compliance Measures 
Includes sample written policies and procedures and a sample letter in the event of a compromised Social Security Number.

If you have further questions regarding the FTC's Red Flags Rule, please contact the FMA Office of the General Counsel by calling (800)762-0233.