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Embezzlement: How to Protect Your Medical Practice

Embezzlement: How to Protect Your Medical Practice

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Donna Weinstock

More than ever, Medical Practices need to protect themselves from embezzlement by employees. We have all heard the stories of the practices that have suffered theft at the hands of employees. small amounts stolen from a practice result in the employee being fired, sometimes with criminal charges, sometimes not. Large amounts embezzled from practices get national media attention. There is no doubt that doctors and practices are embarrassed and angry when someone steals from their practice. Medical Practices, especially in small offices, are exposed where there are fewer employees to handle the financial aspects, and the physician may have hands off or trusting attitude. And, in these turbulent economic times, there is an increase in embezzlement and theft in medical practices.

What is the best protection? Deter dishonest behavior by finding the best employees and encouraging ethical behavior. Set policies and procedures to maintain a professional team -- and adhering firmly to those policies. Lastly, set up audits and other controls to ensure that no employee has the opportunity to steal from the practice.

This Audio Conference will provide a road-map for you on how a medical practice can protect their financial interests:

  • Understand the motivation behind stealing
  • Embezzlement is more than just money
  • Setting iron-clad policies and procedures
  • Learn how to do surprise auditing, and where to concentrate your attention
  • Ensure that managers and physicians are role models for employees
  • Protect yourself and your practice through background checks
  • Other strategies you can implement today!

  • Meet Our Expert Speaker:

    Donna Weinstock is the President of Office Management Solution whose approach to running a healthcare practice involves a unique mixture of improving operations, increasing patient satisfaction, and encouraging employee retention. Donna consults with healthcare practices to improve processes and increase profits. She also writes employee handbooks, job descriptions and procedure manuals.

    As a speaker, trainer and writer, Donna presents on business management topics including Hiring and Employee Retention, Communication, Patient Satisfaction, Lean Healthcare, Professionalism and Time Management.

    Moderator: Nancy Collins, Publisher of The Journal of Medical Practice Management®