This archive collects five issues of the Prosperident Pulse newsletter from August 2020 through December 2020. Use the table of contents below to jump to any issue.
Issues in this archive
August 2020
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Prosperident's next webinar takes place on August 19 at 8:00 pm Eastern / 5:00 pm Pacific. You won't want to miss this one. The title is Picking Up the Pieces - What to do When the Unthinkable Happens.
David, Wendy, and Amber will talk about what to do (and not to do) when you suspect or find embezzlement in your practice, and what happens after embezzlement is confirmed.
To register, click HERE. If you want to catch up on our previous webinars (we had some great topics like Forensic Hiring and
Steal and Conceal; What Serial Embezzlers Can Teach Us), you can access them at THIS LINK.
PACE CE credit is available.
We look forward to having you back in our audience! |
Hear From an Embezzlement Victim
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Several of our clients generously agreed to be interviewed about their experience being embezzled. Here is part of Wendy Askins' interview with Dr. Kirk Specht, where Kirk talks about what made him suspicious.
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Did you miss a previous newsletter? We archive them HERE. |
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Delegation versus Abdication |
Delegation is essential to the financial well-being of a practice.
The existence of well-trained clinical and administrative staff allows a
practice’s doctors to focus on their unique (and high value)
competencies.
The concept of clinical delegation is
well-understood by dentists and is something that they first
encountered in dental school.
However, delegation of the
administrative functions in a practice is something that is normally
encountered much later when a dentist becomes the owner of a practice,
and it happens without the dentist having the benefit of any training.
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Something to Talk About... |
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In our webinars, we talk a lot about doing a better job of screening applicants before hiring.
MANY cases of embezzlement could have been avoided if the practice owner had only taken a bit more time to learn about the applicant. (For a spectacular example, look HERE at an Oregon woman accused of stealing from a dental office while she was awaiting trial for stealing $1 million from a medical office.
Dentistry has allowed itself to fall out of step with how most businesses hire. I hear lots of excuses from dentists about the casualness with which they hire, almost none of which make sense. For example, I often hear that there is a "shortage of good people in my area". Even if this were true (and after the COVID-caused adjustments happening now I'm not sure it is), it might prompt you to "lower the bar" and hire someone you might not in other circumstances. However, you still need to know to what extent you have compromised your standards.
In my 30+ years of working with dentistry, I've had the pleasure of seeing immense growth in dentistry's ability to deliver clinical care. Unfortunately, the ability to screen out dangerous applicants hasn't progressed at all.
We are currently working on adding some background checking services to our product offerings and expect to have an announcement soon.
Sincerely,
David Harris |
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We are Prosperident, Dentistry's Embezzlement Experts
www.prosperident.com
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September 2020
Want to receive our newsletter automatically each month?
This month, we have a special treat for you. We have invited our audience members to submit questions, and if we use yours on-air, you win a prize.
David, Wendy, and Amber will answer your questions on Wednesday, September 16, at 8:00 pm Eastern / 5:00 pm Pacific.
Do you have a question you want us to answer? Click HERE to submit it.
If you want to catch up on our previous webinars (we had some great topics like Forensic Hiring and
Steal and Conceal; What Serial Embezzlers Can Teach Us), you can access them at THIS LINK.
PACE CE credit is available.
We look forward to having you back in our audience! |
Hear dental industry leader Interview David Harris in a wide-ranging and thought-provoking discussion.
Click HERE to play the episode. |
Did you miss a previous newsletter? We archive them HERE. |
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Profiles of the Embezzler - the Narcissistic Sociopath, the Hero and the Sugar Momma |
These are some of the common profiles of embezzlers.
Many thieves display sociopathic characteristics, and also markers of a narcissist. Psychological literature recognizes this combination as a narcissistic sociopath. The accepted traits of an antisocial personality disorder (sociopathy) include:
- Superficial charm and intelligence.
- Unreliability.
- Untruthfulness.
- Lack of remorse.
- Inadequately motivated antisocial behavior.
- Delusions of invincibility.
- Failure to learn by experience.
- Failure to follow any life plan.
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Something to Talk About... |
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It's a bittersweet moment in my life as I pack my son off this week to begin his next chapter. He is off to college 1,200 miles away to study math and computer science, and play basketball.
I can barely remember what it was like not to have Ethan around. From the impish, perpetually giggling four-year-old who endlessly made me chase him around the house to the gigantic teenager, chronically leaving his size 16 sneakers where everyone would trip on them, he has always been there.
I feel badly for his generation. The COVID restrictions have meant that some of the important life events, like high school graduation and a prom, have been skipped over or radically altered. The college experience is going to be quite different from the carefree one with which we were blessed.
We adults have sufficient perspective to recognize that eventually, the disruption will pass, but I am not sure that teenagers can contextualize as easily.
In the way that the parents of baby boomers were forever altered by their experience coming of age in WW2, this group will always be the "COVID Generation".
Ethan is handling it well and is excited about upcoming challenges. I hope that, if someone in your family is entering a new phase, that it goes equally well for them.
Sincerely,
David Harris |
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We are Prosperident, Dentistry's Embezzlement Experts
www.prosperident.com
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← Back to Newsletter Archive
Have questions about protecting your practice? Click the button below.
SPEAK WITH US