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As dentists everywhere focus on getting their practices reopened and adjusting to the new normal, we have taken a hiatus from webinars, but we are planning a return in July.
Stay tuned — we will have more details in the coming weeks.
Reconcile or Reckless?
Amber Weber, David Harris and Wendy Askins
When someone wants to embezzle from you, their approach is predictable. They begin by asking themselves whether the reconciliation process used in your practice is thorough and complete. By “reconciliation” we are referring to the oversight by practice owners of the daily and monthly balancing done by staff. In its simplest form, reconciliation is the process of ensuring that the money that your practice management software says you received actually got deposited to your bank.
If a thief realizes that your reconciliation process is flawed (which is probably the case in 75% of practices), this realization bestows a particular blessing on that thief. He or she can steal by simply “shorting” the deposit; in other words, they can steal without needing to tamper with individual patient accounts to conceal it. Stealing in this way does not require high intellect or any in-depth understanding of your practice management software.
On the other hand, if a would-be thief believes that a deficient deposit would be noticed (in other words that the reconciliation process has integrity), in order to steal, he or she is faced with a much greater challenge.
Over the past few weeks, I have increasingly been hearing some wonderful words.
Those words are often said almost apologetically and are along the lines of “I need to postpone our meeting because right now, I am really busy reopening my practice.”
If this is your situation, there is no need for contrition. Each dentist returning to practice represents a milestone in our society awakening from its hibernation, and hearing a dentist declare that they are back in business is a sweet sound indeed.
While the “new normal” has its share of complications like PPE, facility modifications for many, and patients waiting in their cars for appointments, we are thrilled to see you regaining your ability to do what you trained to do, and once again begin earning a living.
We at Prosperident are rejoicing in this hard-won victory against Covid-19, and we are here for you when you need us.
As our way of giving back to the dental community, until June 30, we are waiving our normal $139 fee for our Embezzlement Risk Assessment Questionnaire — please email us at email@example.com to take us up on this offer.
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We are Prosperident, Dentistry’s Embezzlement Experts