ELEVEN SURPRISING EMBEZZLEMENT STATS
DID YOU KNOW? The answer is 11
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It’s not just employees who steal from dentists.
Here are just a few of the stories involving patient dishonesty. Insurance Fraud How to respond to patients asking the dentist to “cut corners” with insurance. Dental Identity Theft The woman had purchased a person’s entire profile, complete with personal information, from a mutual acquaintance. A search of her bag revealed a stash of cash,…
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Patient Identity Theft
Patient Identity Theft It could happen to your office: a new patient uses someone else’s identification to falsely obtain dental treatment. When discovered, the patient finance or insurance company will recover its payment from you, and unfortunately, it is unlikely that you will then be able to recover your fee from the patient. Related: Florida…
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“The Checkbook” conversation with a Dentist.
I was speaking with a dentist who suspected his office manager was stealing. He did not have any evidence she was stealing, but felt something was wrong. “She’s a control freak, and never takes a day off.”
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Dishonest dental employee telling a patient to “bring cash”
We don’t accept checks! Listen to this dishonest dental office employee tell a patient to “bring in cash” This employee liked to steal cash from the practice and when cash was not coming in fast enough, she decided to help the process along by calling patients to tell them to “bring in cash.”
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PATIENT CREDIT BALANCES
What is a Patient Credit? A patient credit balance is when the practice owes money to a patient and every practice will have some number of patients with a credit balance on their account. Patient credit balances arise when: Most patients with a bona fide credit balance will “use up their credit” on subsequent visits,…
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Dentist loses three months of data and stomach lining.
HELP, I NEED MY DATA BACK. About 10 years ago, I told my dental client that I needed to examine a copy of his practice management data. I offered the dentist three options: Dentist: “I’ll send you a backup copy of my data.” Me: “Sounds good, do you have a USB flash drive.” Dentist: “Yes,…
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Usernames & Passwords – Enforce them!
Another in our series of FraudBuster Tips intended to keep your data secure and help you manage fraud, embezzlement, waste, and abuse in your practice. “Passwords, Use them like a toothbrush. Change them often and don’t share them with friends.”**Clifford Stoll – American astronomer, author and teacher. **Printed in the Proceedings of the Unix Security…
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Will my CPA find dental embezzlement?
MANY dentists believe their CPA will uncover embezzlement. The truth is, most CPA’s are unlikely to detect embezzlement in a dental practice; but it’s not their fault. They weren’t hired to look for it. When year end rolls around, most dentists will engage their CPA to perform what is known as a compilation engagement (sometimes…
