Episode length: 40m | Published: 2021-06-30
This episode is a special presentation from the DSO Secrets Podcast. Ken Kaufman of Community Dental Partners interviews Prosperident's David Harris, Wendy Askins, and Amber Weber on how embezzlement happens inside Dental Support Organizations — and what makes it different from theft in a solo practice.
Topics covered include:
- How embezzlement dynamics change in a multi-location DSO environment
- Why DSOs are attractive targets for experienced financial criminals
- The internal control failures most commonly exploited in group practices
- How embezzlers adapt their methods when oversight is distributed or remote
- The role of location managers and how their position creates vulnerability
- Technology and reporting systems that help DSOs detect theft early
- Recommended audit and oversight structures for DSOs of different sizes
- Real examples from Prosperident's DSO investigations
This episode originally aired on the DSO Secrets Podcast. Join the DSO Secrets community on Facebook at www.facebook.com/groups/DSOSecrets.
To learn more about Prosperident's work with DSOs and solo practices, visit www.prosperident.com or schedule a consultation at www.prosperident.com/meetwithdavid.
Episode Timestamps
- 0:00 - Introduction / Show open
- 0:00 - How embezzlement dynamics change in a multi-location DSO environment
- 8:00 - Why DSOs are attractive targets for experienced financial criminals
- 11:03 - The internal control failures most commonly exploited in group practices
- 16:00 - How embezzlers adapt their methods when oversight is distributed or remote
- 20:04 - The role of location managers and how their position creates vulnerability
- 24:00 - Technology and reporting systems that help DSOs detect theft early
- 32:00 - Recommended audit and oversight structures for DSOs of different sizes
- 32:00 - Real examples from Prosperident's DSO investigations
- 38:06 - Closing / How to contact Prosperident