FACTA
Fair And Accurate Credit Transaction Act
On June 1, 2005, the FTC's rule on the proper storage an disposal of
certain "consumer information" goes into effect. This rule was
issued by the FTC as part of it's jurisdiction under the FAIR AND ACCURATE
CREDIT TRANSACTIONS ACT (FACTA).
The Basic FACTA
According to the FTC's FACTA disposal rule, "any person who maintains
or otherwise possesses consumer information for a business purpose"
must properly destroy discarded consumer information.
The FTC's FACTA disposal
rule further states that every person and/or business, "must properly
dispose of such information by taking reasonable measures to protect
against unauthorized access to or use of the information in connection
with its disposal."
"Reasonable measures" are defined in
FACTA as "burning, pulverizing, or shredding of papers containing
consumer information" or entering into "a contract with another
party engaged in the business of record destruction to dispose of
material, specifically identified as consumer information, in a manner
consistent with this rule."
Contracting with
Enviro-Shred, Inc.
to shred all discarded consumer information is the best way to comply with
FACTA. Service can be arranged on a schedule that suits any office.
It is the most economical alternative no matter how small or large the
need.
HIPAA Compliance
The Health Insurance
Portability and Accountability Act is a Federal law to prevent abuses of
personal health information (PHI), including unauthorized access. It
is administered by the U.S. Department of Health and Human Services (HHS)
and it is enforced by the U.S. Office of Civil Rights.
Institutions that must
comply with HIPAA are called Covered Entities. Covered Entities
include any and all organizations or individuals who retain or collect
health related information. This includes larger institutions such
as hospitals, medical centers, and insurance companies.
There are also SMALL
COVERED ENTITIES such as: Doctors, Dentists, Chiropractors,
Psychiatrists, Psychologists, Counselors, Urgent Care Centers, Billing
Centers, Physical Therapists and Collection Agencies.
Technically, EVERY EMPLOYER
in the United States with completed health insurance applications or
injury reports on file is considered a SMALL COVERED ENTITY under HIPAA.
Using a Secure Shredding
Service is the preferred method for COVERED ENTITIES to destroy Protected
Health Information. |