It’s a new year and many chiropractors are evaluating what will enhance their respective practices, particularly as it relates to their bottom line. One of the most common questions I get is: “Do I need to be credentialed to bill insurance, and what are the best plans to join?” It’s a loaded question – but one every DC ponders. Whether you're already in-network or pondering whether to join, here's what you need to know.
Red Flags Rule Delayed Until August
Due to Congressional pressure supported by the American Chiropractic Association (ACA), the Federal Trade Commission has announced that it will delay enforcement of the new "Red Flags Rule" until Aug. 1, 2009. This will give creditors and financial institutions more time to develop and implement written identity theft prevention programs. The ACA will continue to monitor this important policy and support compliance by doctors of chiropractic.
Details of the red flags rule were published in the Nov. 9, 2007 issue of the Federal Register. To view the complete guidelines and access additional information regarding the red flags rule, click here.
Source: American Chiropractic Association.