Web Services Designed for FTC Compliance Announced

07/03/2009

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CDYNE Corporation, a provider of data enhancement, verification, and communication Web services, announced today that it is ready to assist health care organizations prepare for enforcement of the Federal Trade Commission's "Red Flags" Rule.

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According to the FTC Web site, medical identity theft is a growing problem that accounts for almost 5% of identity theft claims. The Red Flags Rule is designed to combat this problem by mandating due diligence by health care organizations and businesses that handle medical records.

Effective August 1, in order to comply with the Red Flags Rule, covered organizations must draft an Identity Theft Prevention Program outlining actions they will take to decrease patient fraud. CDYNE XML Web Services are designed to work in real time to validate records as they are entered into patient management software, Web site forms, and other applications. These instantaneous lookups can help providers match patients with information they provide to ensure medical records accuracy.

CDYNE's fraud prevention tools, such as CDYNE 411 and Death Index, can be implemented in an organization's system to flag bad addresses at point-of-entry, perform reverse lookups with phone numbers and addresses to match names in patient sign-in forms, and run records against the Social Security Administration's Death Index to reduce deceased person identity theft automatically.

"We have always recognized the importance of security in health care. The new FTC mandates can be easily implemented using CDYNE Web Services, which have been protecting against identity fraud in all of the industries we serve for years," said Jim Keown, CEO of CDYNE Corporation. "Our anti-fraud products are easily embedded into existing patient management software, which can expedite care and create seamless yet secure networks of medical information, thus protecting patients and medical practices from incidences of identity theft. The importance of these safeguards for medical information cannot be underestimated."