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NEWSLETTER ARCHIVE
Check Out Our Tip of the Week |
Every week, Prosperident brings you a short (1-2 minute) video with actionable tips for your practice. You can check them all out on our website HERE. |
| Feb 21 |
Chicago Midwinter |
Chicago IL |
| Mar 5-6 |
Pacific Dental Conference |
Vancouver BC |
| Mar 12 |
Rock County Dental Society |
Webinar |
| Mar 18 |
Illinois State Dental Society |
Webinar |
| Mar 20 |
Texas Tech University |
El Paso TX |
| Apr 30 |
The Ortho Money Map |
Orlando FL |
| May 14-15 |
Connecticut State Dental Society |
Uncasville CT |
| June 26-27 |
Nantucket Dental Society |
Nantucket MA |
| 2027 |
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| Mar 4-5 |
Academy of Private Dental Practice |
Carlsbad, CA |
| Apr 23-24 |
Star of the North |
St. Paul, MN |
Here are some of the places you can see us speak in person.
Want a great speaker for your event? Click HERE. |
Orthodontists -- protect yourselves against embezzlement.
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Prosperident's live event, the Orthodontic Money Map, takes place in Orlando, Florida on April 30. This is a great opportunity for busy orthodontists to learn how to be financially in control of their practices. You can register or get more information HERE. |
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Insurance Coverage for Employee Theft |
Many people who call us with embezzlement concerns are pleased to discover that they actually have insurance coverage for employee theft. This coverage is called "employee dishonesty" coverage and is found in your property insurance policy.
The bad news is that the default amount of coverage is quite small; most policies cover $25,000 of loss, and we even occasionally see a $10,000 coverage limit. With the average dental embezzlement exceeding $100,000, these low limits often leave a cavity in a dentist's wallet.
Insurance companies are often quite happy to increase the coverage to $75,000 or $100,000, at a very modest cost. When increasing your coverage, they will require a confirmation that you do not have a claim pending.
It's a great idea to pull out your coverage and see if you are happy with the amount covered.
Another kind of protection for your practice is our FIRST LOOK product. This is a quick and affordable ($1,500 for a one-office practice) look at your practice to ensure that you have none of the red flags that would warrant a full forensic audit.
To learn more, or to sign your office up, click HERE.
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The View from the CEO's Chair
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I've said many times that practice owners need to be proactive when hiring staff. Making good hiring decisions on a tight timetable is difficult, and workforce shortages make it even harder. Since turnover is almost inevitable, one of the best things that a practice owner can do is to be continually looking for possible employees, even when there is not a current need.
I've often used the example of having a great experience at a restaurant as the impetus to obtain your server's contact information as a possible future hire.
Last week it happened. I was in Charlotte NC and Friday night was having dinner at a restaurant with some dental friends. We had an amazing server named Savannah who quickly elevated our dining experience. In discussion with her, we learned that she is finishing a master's degree in Health Care Administration and will soon be looking for full-time work. Some contact information was exchanged with one of the dentists at our table.
This chance encounter may or may not lead to something, but it reinforced for me the idea that there are lots of great people out there who would love to work in your dental practice. The trick is finding them, which only happens if you are actively looking.
I'm always happy to chat with a dentist about their practice. Click HERE to set up a time for us to speak.
David Harris
CEO
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We are Prosperident, Dentistry's Embezzlement Experts
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