Protecting Your Dental Practice from Fraud
No dentist wants to believe that his or her practice could fall victim to fraud. However, according to dental fraud expert, David Harris, your practice has around a 50% chance of becoming a victim of dental fraud. Of course, this number only represents the fraud that has been detected and reported.
How to Protect Your Dental Practice from Fraud
Below are a few ways to protect your dental practice from becoming vulnerable to fraud:
- Make sure you have system in place in your office that will prevent the same person from writing the checks, processing the payment, and being in charge of band reconciliations. You need to have a checks and balances process in place to keep everyone honest and accountable.
- Purchase and install surveillance cameras in all key areas of your dental office, including the front desk and any back offices.
- Perform background checks on any potential employees before making hires.
- Make regular appointments with your CPA to make sure your financial information is accurate and matches up. This will allow you to catch any discrepancies early on.
- Lastly, trust your gut. If something doesn’t feel right, or if you have suspicions, you should follow through.
Making sure to take these steps now can help decrease the threat of fraud for your dental office. For more information on making sure your dental practice is successful and profitable, please contact Pro Dental Designs. We’re here to help!