Episode length: 1h 16m | Published: 2021-09-24
If you only have an hour to understand dental embezzlement — what it is, how it happens, and what to do about it — this is the episode. Prosperident's David Harris, Wendy Askins, and Amber Weber deliver a concentrated masterclass on the most important things every dental practice owner needs to know about embezzlement.
Topics covered include:
- What dental embezzlement actually is and how common it really is
- The profile of a typical dental embezzler — and why it defies most people's assumptions
- The most frequently used theft methods in dental practices
- Why embezzlement typically goes undetected for 18 months or longer
- The warning signs hiding in plain sight in most practices
- The internal controls that make the biggest difference in deterring theft
- What to do — and what NOT to do — if you suspect embezzlement
- The investigation process and what to realistically expect
- How to recover, both financially and emotionally, after embezzlement is confirmed
To learn more or to speak with a Prosperident investigator about your practice, visit www.prosperident.com or schedule a consultation at www.prosperident.com/meetwithdavid.
Episode Timestamps
- 0:00 - Introduction / Show open
- 3:48 - What dental embezzlement actually is and how common it really is
- 11:24 - The profile of a typical dental embezzler
- 19:00 - The most frequently used theft methods in dental practices
- 24:00 - Why embezzlement typically goes undetected for 18 months or longer
- 32:00 - The warning signs hiding in plain sight in most practices
- 40:00 - The internal controls that make the biggest difference in deterring theft
- 48:00 - What to do
- 56:00 - The investigation process and what to realistically expect
- 1:04:00 - How to recover, both financially and emotionally, after embezzlement is con
- 1:12:13 - Closing / How to contact Prosperident