927: Part 2: A Great System to Reduce the Chance of Embezzlement in Your Dental Practice – David Harris

The Best Practices Show with Kirk Behrendt

Content provided by ACT Dental. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by ACT Dental or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

23d ago 25:28

MP3•Episode home

About 70% of dentists will be embezzled during their careers. In fact, it may be happening to you now! In this episode, Kirk Behrendt brings back David Harris, embezzlement expert and CEO of Prosperident, to continue with part two of how to stop embezzlement from happening in your practice. To learn the best monitoring framework to stop future thieves in their tracks, listen to Episode 927 of The Best Practices Show!

Learn More About David:

Give David a call: (888) 398-2327
Email David for the monthly monitoring spreadsheet: [email protected]
Follow David on Instagram: https://www.instagram.com/davidharris9406
Join David on Facebook: https://www.facebook.com/davidharrisprosperident
Learn more about Prosperident: https://www.prosperident.com

More Helpful Links for a Better Practice & a Better Life:

Subscribe to The Best Practices Show: https://the-best-practices-show.captivate.fm/listen
Join The Best Practices Association: https://www.actdental.com/bpa
Download ACT’s BPA app on the Apple App Store: https://apps.apple.com/us/app/best-practices-association/id6738960360
Download ACT’s BPA app on the Google Play Store: https://play.google.com/store/apps/details?id=com.actdental.join&hl=en_US
Join ACT’s To The Top Study Club: https://www.actdental.com/ttt
Get The Best Practices Magazine for free: https://www.actdental.com/magazine
Please leave us a review on the podcast: https://podcasts.apple.com/us/podcast/the-best-practices-show-with-kirk-behrendt/id1223838218

Episode Resources:

Watch the video version of Episode 927: https://www.youtube.com/@actdental/videos
Watch Episode 926 with David Harris: https://www.youtube.com/watch?v=n_yuHXQA-Tk

Main Takeaways:

Ensure your day-end report matches up with what you remember from that day.
Review your day-end report and ask yourself if what you see makes sense.
Have other providers sign off on their day-end reports for accountability.
Print your own reports. Don't open the doors for selective reporting.
Make a habit of initialing and putting away reports that you review.
Compare day-end and month-end numbers for each month.
Confirm that your collections and deposits add up.
Learn to trust systems, not just people.

Snippets:

0:00 Introduction.

2:36 David’s background.

4:20 Day-end reports, explained.

8:54 Why dentists need to print their own reports.

10:25 Two questions to ask about day-end reports.

12:01 Month-end reports, explained.

14:36 How often should month-end reports be done?

15:23 Compare collections against deposits.

18:07 Prosperident’s monthly monitoring spreadsheet.

19:52 Final thoughts.

22:09 More about Prosperident.

David Harris Bio:

Under David’s leadership, Prosperident has expanded over the past three decades to become a team of more than 20 highly specialized fraud investigators, forensic accountants, IT specialists, and support staff. David’s vast investigative experience, coupled with his youth-filled misadventures and his past military service, have given him a unique insight into embezzlers’ mindsets and actions. He is passionate about sharing his wealth of knowledge with dentists and dental specialists.

David is a much sought-after speaker and an accomplished author on the topic of dental embezzlement. Dental Embezzlement: The Art of Theft and the Science of Control is his most recently published book.

David’s professional qualifications include Certified Fraud Examiner, Certified in Financial Forensics, Forensic CPA, Chartered Professional Accountant, Certified Management Accountant, and Licensed Private Investigator.

300 episodes

#Business #ACT Dental