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Dental FraudBuster • Practice Management Software • Credit Balances
Practice Management Software – Credit Balances A credit balance on a patient’s account normally arises when a patient has prepaid for their treatment or has overpaid their balance. Sometimes in error, an insurance company will overpay, and this can also create a credit balance. The credit balances above represent money that the practice owes to…
Virtual Card Payments are BAD for Dentists
What is a Virtual Credit Card (VCC)? A VCC is a claim payment from an insurance company (with an EOB) that has an image of a “credit card” along with a credit card number, expiration date, for the exact dollar amount of the claim being paid. 3 Reasons to Avoid VCC payments Why are Virtual…
ELEVEN SURPRISING EMBEZZLEMENT STATS
DID YOU KNOW? The answer is 11
What reports to ask for and to keep off-site.
The purpose of this 5-minute Dental FraudBuster is to ensure that you have offsite copies of essential reports in the event you need them for auditing or emergency purposes. Each working day you should obtain copies of the reports below from your dental software. These reports can be printed on paper or saved as a…
It’s the most powerful fraud deterrent; ever.
The Perception of Detection Imagine you are in a hurry and driving much faster than usual. You’re late for an important event that cannot start without you. Suddenly, there’s you see this guy holding up a sign with the words “COPS AHEAD” in big letters. Does your foot instinctively ease off the gas pedal? You…
Dentistry is One of the Most Embezzled Professions.
It’s a fact, fraud sucks! Widely published statistics show that 3 out of 5 dentists have been a victim of employee dishonesty during their career. In fact, embezzlement is so widespread in the profession that virtually every dentist will know at least one other dentist who was stolen from. What is less widely known is…
