Hiltz & Associates Blog

Fraud, Embezzlement and Risk in the Dental Office

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Which of these fraud (embezzlement) scenarios is worse?

If you were forced to choose… These are two of the various “financial misconduct” schemes that I encounter during my work. Which of these scenarios is worse? If you had to, which one would you choose?

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FBI crime statistics show more women were arrested for embezzlement than men

Report shows 57 percent of embezzlers are women, and law enforcement agencies agree. (Marquet Report on Embezzlement) “In dentistry, the majority of offices employ women in financial positions so 99% of my cases involve female embezzlers.  Many of my largest cases involved stealing small sums of money over time. These schemes can continue for years, […]

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#16 • Fraud Prevention and your Practice Management Software

“Welcome, I hope that the tips and advice provided here are a benefit to you and your practice. If you have questions, do not hesitate to contact me for assistance” – Bill Hiltz   This post outlines a few of the things that you should do to protect your practice. Let’s start with the basics. First, […]

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#13 • How to Positively Identify Patients

It could happen to your office: a new patient uses someone else’s identification to falsely obtain dental benefits coverage. When discovered, the insurance company will recover its payment from you. Unfortunately, it is unlikely that you will then be able to recover your fee from the patient. Download as a word document How to Positively […]

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How to Calculate an Advisor’s Trustworthiness

We want trusted advisors to help us with our most pressing problems. There are many types of “advisors”; Personal advisors, business & legal advisors, work-life advisors and so on  – in fact the list of advisors seems almost endless. How do you assess whether the person you are dealing has what it takes to be […]

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#10 • Understanding Dental Embezzlement Red-Flags

This is #10 in our series of #TIPS intended to help you manage fraud, embezzlement, waste, abuse; and help keep your practice safe. This post discusses some of the red-flags of employee dishonesty and how to interpret and evaluate them. Let’s start with a summary of the key points: A “red-flag” is an indicator of […]

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#9 • How employees steal from a dental practice.

#9 in our series of #TIPS intended to help you manage fraud, embezzlement, waste, abuse; and help keep your practice safe. This post discusses some of the schemes used by employees to steal from a dental practice. These methods are not specific to dentistry, nor do they require cunning skill and intellect to perform. I […]

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#6 • Examining your dental practice’s monthly bank statement

#6 in our series of #TIPS intended to help you deal with fraud, embezzlement, waste, and abuse in your dental practice. “The Monthly Bank Statement” Depending on how your banking arrangements are set up, you may receive your “Monthly Bank Statement” in the mail, or download it using your online banking. Here are a few […]

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