Streaming - Protecting Your Dental Office from Embezzlement & Fraud
Gordon J. Christensen, DDS, MSD, PhD; Lisa Harris; and Toni Wengreen
Are you aware of the various areas where embezzlement and fraud can occur in your practice? What checks and balances should be in place to make embezzlement difficult? What “red flags” should you be looking for? Years ago, before computers, many remember the paper “peg board” system with several copies of production. Although not without problems, embezzlement was somewhat difficult. Now, with computer entry of production, patient billing, collection and payment, it has been estimated that a large percentage of dental offices are experiencing employee embezzlement. This video includes the profile of an embezzler, how to identify an embezzler, what to do with the embezzler, and most importantly, how to prevent embezzling. Gordon is joined by Lisa Harris, an expert in detecting dental office embezzlement, and Toni Wengreen, who has years of dental office bookkeeping and accounting experience. Many simple concepts are presented that will aid most practices to avoid this significant problem. It has been reported that the average embezzlement amount from a dental practice is over $100,000 per incident. Protect your practice!