Embezzlement News #64 December 2017

 

Dental Embezzlement News from Prosperident
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Issue #64 — December 2017
Podcast!
Prosperident’s David Harris was recently interviewed by Financial Freedom guru (and this month’s guest columnist) Dr. David Phelps.
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Check it out HERE..
Need to liven up your meetings?
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“We received many positive comments and would highly recommend you to any dental component”

 

Merriam Osmondson
Executive Director
Fresno Madera Dental Society

 

Here are some places we will be speaking soon:
Dec 7-8Patterson Dental, Nashville, TN
2018
Jan 16Lincoln District Dental Society, Lincoln NE
Jan 17Metro West Seminars, Omaha NE
Jan 30Patterson Dental Indianapolis IN
Jan 31Patterson Dental Cleveland OH
Feb 1Patterson Dental, Cincinnati OH
Feb 2Patterson Dental, Columbus OH
Feb 25Ortho 2 UGM, Savannah, GA
Mar 14Altura Periodontics, Denver CO
Mar 15Boulder Broomfield Dental Society, Boulder CO
May 5Tumbleweed Study Club, Walland TN
May 25Jasper Dental Congress, Jasper AB
Jun 2Orthopreneur meeting, Dallas TX
Oct 1Wichita District Dental Society, Wichita KS
 
To book us for your meeting or study club, click HERE or call us at 888-398-2327.
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Did you miss a previous newsletter? We archive them here.
Guest Column — David Phelps DDS
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Are you replaceable?
At first glance, that question may sound like a threat. If I’m replaceable, then what is my real value? If I’m replaceable, where’s my leverage? Who needs me?
I can hear your answer. “Me, replaceable? Heck no! I’m the owner! I do the work. I’m highly trained and have years of experience doing x, y, z.
I have specific relationships with our clients or patients – it wouldn’t be possible to replace me without severe damage to the business.”
“I’ve worked hard all my life to get where I am.”
And exactly where are you?
“At the top of my game. I have a practice (job – ed.) to go to every day of the week. I can’t take time off because I am so busy doing the thing I spent so many years learning. I still have a ton of debt to pay off, and I don’t see any way off this hamster wheel. But life is good. Someday I’ll be able to enjoy it.”
Hmmm, sort of a Catch 22. The better one becomes at “doing the thing,” providing the technical labor, the less freedom there is. Trading time for dollars, no matter what the hourly pay rate, is not a path to freedom.
Our CEO’s Column
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“It’s the most wonderful time of the year!”
I hope that all of you enjoyed Thanksgiving and are now getting geared up for a month of holiday celebrations. As we are entering December, I will risk being a “Debbie-Downer” by mentioning that this is also the season that is most likely to produce embezzlement in your practice.
This is because the thieving element in your office is most likely to help themselves to a little more than your generous spirit to pay for Christmas, making December and January particularly active months for employee theft.
With patients’ insurance coming to its year-end and some non-insured patients looking to maximize tax deductions, it is a perfect time for money to disappear, undetected, from your office.
My team and I wish nothing but the best for you and your two families (actual and work “family”) this holiday season, but we would not be doing our jobs if we did not ask you to make sure you pay attention to unusual staff behavior during this busy time of year. Charity begins at home, but this should never be unwittingly extended to your work family.
If you have any reason to believe that you are unwillingly funding someone else’s holiday celebrations, please reach out to us and we will be happy to provide discreet assistance.
My deepest wish is that none of you fine folks would ever feel the need for embezzlement investigation, however, statistics do not support that wish and so I will let you know that if you are concerned about someone behaving badly in your office, we are here to help. Always.
Wishing you and yours the happiest of holidays,
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David and the team at Prosperident
Prosperident — Dentistry’s Embezzlement Experts
Visit our website — www.dentalembezzlement.com