Author: Dr. Donbra Seamool, DDS CFE
Issue: Dental Economics July 2015
The vast majority of offices depend on administrative staff to properly safeguard the financial health of the practice. As we all know, with technology advances in practice management, patient data is often siloed into multiple systems that do not interact. This provides innumerable ways for a dishonest individual to steal income in small “unnoticeable” increments that can quickly aggregate to hundreds of thousands of dollars in embezzled funds. It is very important that dentists and loyal staff implement and monitor proven internal financial controls to prevent the possibility of jeopardizing their livelihoods.