Episode length: 49m | Published: 2021-03-18
This episode is a special cross-post from the Nifty Thrifty Dentists platform. Dr. Glenn Vo — the dentist-entrepreneur behind the massively popular Nifty Thrifty Dentists Facebook group and community — interviews Prosperident CEO David Harris on the topic that dental practice owners need to understand: embezzlement.
Topics covered include:
- How prevalent embezzlement really is in dental practices — the statistics dentists need to know
- Who embezzles, and why the typical embezzler is not who you'd expect
- The most common methods used to steal from dental practices
- Why embezzlement is so often invisible to the practice owner for years
- The warning signs that should prompt action
- The single most important thing dentists should do to protect themselves
- What to do when you suspect something is wrong
- How Prosperident's investigation process works
- The financial and emotional aftermath of confirmed embezzlement
About Dr. Glenn Vo and Nifty Thrifty Dentists: Dr. Vo is a practicing dentist and the founder of Nifty Thrifty Dentists, a thriving online community dedicated to helping dental professionals save money and run smarter, more efficient practices. Visit niftythriftydentists.com to learn more.
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Episode Timestamps
- 0:00 - Introduction / Show open
- 3:33 - The most common questions dental practice owners ask about embezzlement
- 8:00 - How embezzlement actually starts and what makes it possible
- 16:00 - What embezzlers are really like
- 24:00 - The methods most commonly used to steal from dental practices
- 32:00 - How to know if you've been victimized
- 40:00 - What to do and not do if you suspect theft
- 48:00 - How Prosperident investigations work in practice
- 56:00 - What the legal and financial outcomes typically look like
- 1:04:11 - Closing / How to contact Prosperident