Slam the Door Shut on Embezzlers

Episode length: 1h 12m  |  Published: 2021-06-25

Prevention is always better than investigation. Prosperident's David Harris, Wendy Askins, and Amber Weber share the concrete strategies dental practice owners can implement right now to make their practices dramatically harder to steal from.

Topics covered include:

• The mindset shift from "it won't happen to me" to active prevention
• The most important internal controls every dental practice should have
• How to use your practice management software as an oversight tool
• Bank reconciliation: what to do, how often, and who should do it
• How to structure financial oversight so no single employee can steal undetected
• The role of regular audits and what they should include
• How to make it clear to your team that theft will be detected and prosecuted
• The conversations practice owners need to have about financial oversight
• Which prevention steps deliver the most protection per hour invested

To learn more about embezzlement prevention and investigation, visit www.prosperident.com or schedule a consultation at www.prosperident.com/meetwithdavid.