Pharma Investments, Ventures & Law Weekly
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Compliance Coach Inc.
Compliance Coach Survey of Hospitals Indicates 91% Are Not Compliant with the Red Flags Rule
November 30th, 2008
Compliance Coach Inc., a leading provider of automated regulatory compliance solutions, announced the results of a survey of hospitals to assess their level of preparedness with compliance with the FACT Act Identity Theft Red Flags Rule. The Red Flags Rule applies to financial institutions, such as banks and credit unions, as well as to creditors. A creditor is broadly defined as anyone that regularly extends or arranges for credit or defers payment for goods or services. Hospitals or other medical services providers that allow patients to defer payment for medical goods or services or that provide loans to doctors, nurses or other employees are creditors under the...
Source: Pharma Investments, Ventures & Law Weekly (2008-11-30)
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