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

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: requests@prosperident.com 
• 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.