FTC Red Flag and Address Discrepancy Rules Compliance

SearchAmerica: Rapid Compliance with FTC Red Flag Rules

Healthcare financial professionals are looking for help to better understand and comply with the Red Flag and Address Discrepancy Rules from the Federal Trade Commission (FTC). The Rules were issued to curb identity theft in the United States, and require companies, including most hospitals, to submit their written program to identify and manage ‘red flag’ accounts by May 1, 2009.

The core elements of the Red Flag Rules are identification, detection, and response to patterns, practices, or specific activities – known as “red flags". These are areas that SearchAmerica has helped more than 500 hospitals address over the years by providing:

· Identification/Detection: Inconsistencies of addresses constitute a ‘red flag’ to the registrar and organization. With SearchAmerica's, unbiased verification of every patient’s demographic information (address, age, social security number, etc.) a search can be performed within seconds during registration by our trusted Address Checker or Payment Advisor Suite solutions. Inconsistencies can constitute a ‘red flag’ to the registrar and organization.

· Response: When a ‘red flag’ is found, predetermined workflows within SearchAmerica solutions guide the registration process and financial relationship with patients, including those identified as a red flag patient, using validated patient information.

Upcoming SearchAmerica webinars on the FTC Red Flag Rules:

- Red Flag and Address Discrepancy Rules Forum: SearchAmerica and FTC Answer Your Questions
Thursday, January 22, 2009

Contact us today for more information on our upcoming events or to learn more about the Red Flag Rules and SearchAmerica’s solutions for compliance, by sending an email to info@searchamerica.com or call us at 763-416-1000.

Additional Resources:

SA Webinar press release

10/12/2008 SearchAmerica Unveils Red Flag Rules Forum Featuring Guest Speaker from the Federal Trade Commission

FTC Information:

Rules: Agencies Issue Final Rules on Identity Theft Red Flags and Notices of Address Discrepancy

Recent Press Release:
FTC Will Grant Six-Month Delay of Enforcement of 'Red Flags' Rule Requiring Creditors and Financial Institutions to Have Identity Theft Prevention Programs

FTC Business Alert:
New ‘Red Flag’ Requirements for Financial Institutions and Creditors Will Help Fight Identity Theft

Article:
The “Red Flags” Rule: Are You Complying with New Requirements for Fighting Identity Theft?