5 Ways for You to Protect Your Dental Practice from Fraud

Tight ropeIt can be difficult for dentists to believe that their dental practices can fall victim to fraud. However, David Harris, a dental fraud expert, has found that dental practices have around a 50% chance of falling victim to dental fraud at some point during the life of the practice. And of course, this is only the dental fraud that has been detected and reported.

5 Ways to Fraud-Proof Your Practice

As scary as that statistic is, there are a few ways for you to protect your dental practice from any kind of fraud:

  • Background Checks – Perform thorough background checks on any employees before making new office hires.
  • Checks & Balances – Make sure an internal system is in place that will prevent the same employee from writing checks and processing payment. Even the best employee may give in to temptation if given the chance.
  • Cameras – Make sure cameras are set up in all the important areas of the office, especially anyplace money is kept or handled.
  • Regular Check-Ins – Set up regular meetings with your CPA in order to go over your books and make sure everything matches up.
  • Trust Your Gut – If you have suspicions or if something doesn’t feel right, trust your gut instinct and follow through.

It can be scary to admit that your practice may be vulnerable to fraud, but you can decrease these odds by following the advice above. For more information on keeping your dental practice successful and safe, please contact CTC Associates.

Posted by

Share:

Archive

Apr 22, 2019, 9:44 AM
Every dentist hopes to open their own practice, hire a staff of great employees, and retain them for decades. While we…
Apr 10, 2019, 12:09 PM
The dental profession is ever changing and improving with the invention of new technology. While these technological advances…
Mar 26, 2019, 3:05 PM
In the past, search engine optimization (known as SEO) and content creation have been seen as separate disciplines. One…
Mar 11, 2019, 3:24 PM
Here at CTC Associates, we know the importance of tracking certain numbers and information for your dental practice. If…
Feb 25, 2019, 11:29 AM
Many dentists stress over decisions regarding PPOs. Specifically, whether to join or drop them. The two main reasons that…

Our Blog

#
Tips for Interviewing Potential Dental Employees
Every dentist hopes to open their own practice, hire a staff of great employees, and retain them for decades. While we…
#
Challenges Facing Dentists Today
The dental profession is ever changing and improving with the invention of new technology. While these technological advances…
#
Content Management for Your Dental Website
In the past, search engine optimization (known as SEO) and content creation have been seen as separate disciplines. One…
#
The Things You Should be Tracking for Your Dental Practice on a Regular Basis
Here at CTC Associates, we know the importance of tracking certain numbers and information for your dental practice. If…