Making Sure to Protect Your Dental Practice from Fraud

2 Business men shaking handsWe’d all like to think that our businesses are invulnerable to any type of fraud. But the truth is much more complicated than that. In fact, according to dental fraud expert David Harris, your dental practice has more than a 50% chance of falling victim to fraud. And obviously this only accounts for the fraud that has been detected and reported.

Protecting Your Dental Practice from Fraud

Below are a few ways to make sure your dental practice isn’t one of the ones that eventually falls victim to fraud:

  • Have surveillance cameras installed in any important areas around your dental practice and make sure the cameras are visible.
  • Perform thorough background checks on all of your employees before formally hiring anyone.
  • Make sure you have regular meetings set with your CPA to go over financial information and make sure everything lines up.
  • Have an internal system in place that prevents the same employee from writing checks, processing payment and being in charge of band reconciliations. Even if you trust your employees implicitly, there still needs to be a checks and balances process in place.
  • Lastly, trust your instincts. If something feels off or if an employee is acting suspiciously, follow through with action.

The above steps can go a long way toward decreasing the threat of fraud or exposing any theft that may already be occurring. For more information on protecting your dental practice or for help maintaining your insurance credentialing, please contact Dental Insurance Credentialing today. We specialize in credentialing service for dentists, dental insurance enrollment, and insurance credentialing.

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Hiring employees for your dental practice is an important investment of time and money, but if you hire a successful…
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If you own a dental practice, you may have heard of dental consultants and wonder how they can help you take your…

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