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Prepare your practice to comply with Red Flags regs

When Congress passed the Fair and Accurate Credit Transactions Act of 2003 (FACTA), little did healthcare organizations suspect that they would be on the hook for yet another government mandate. But that’s exactly what’s happened, and the August 1 deadline for implementing procedures to comply with the regulations, known as the Identity Theft Red Flags Rule (16 CFR 681.2), is fast approaching.