Taking aim at medical identity theft. Document security key element to comply with government regulations

Sensitive paper documents, such as patient records, customer data, and legal information, must be securely stored and destroyed when no longer needed. This is not only a good business practice that reduces costs and protects reputations, but also a legal and regulatory imperative. According to some experts, medical identity theft is the fastest-growing form of identity theft in North America. The Federal Trade Commission's Red Flags Rule, due to take effect June 1, 2010, requires banks; credit card companies; and, in some situations, retailers, hospitals, insurance companies, health clinics, and other organizations to store confidential personal information that can expose consumers to significant identity theft risks. This also includes healthcare providers and other organizations that are considered creditors according to their billing/payment procedures. This article highlights the steps healthcare providers must take to ensure data security.