Bulletproof Dental Practice

Bulletproof Dental Practice Podcast Episode 39 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guest: David Harris, founder & CEO of Prosperident Watch the full video of interview by clicking here! Key Takeaways: At least 60% of dentists will be embezzled from, but the actual percentage is probably higher. Understanding WHY people steal will help in profiling an embezzler. People steal for 2 reasons: need & greed. Thieves want to be alone when they steal. Keep an eye out for employees who are coming in early, leaving late, or otherwise coming and going at strange times. Be familiar with your practice management software’s daily and monthly financial reports, and run / print those reports yourself. Don’t give anyone the option to report selectively. The Office Manager generally has the most opportunity for financial theft, but anyone at the front desk can be capable as well. Any form of wealth transfer to you can be intercepted; cash, check, ACH, sale of dental supplies, time, you name it. Most embez