Dental Embezzlement: Warning Signs Every Practice Owner Should Know | David Harris, Prosperident

Almost half of dentists say they've been embezzled from, and many more don't know it yet. David Harris, CEO of Prosperident, has investigated financial crimes against dentists for more than 30 years. He explains the number one warning sign, the one daily habit that stops the easiest theft, why hiring is where most practices go wrong, and what to do (and not do) if you suspect someone on your team is stealing. In this episode: - How one pegboard theft started his career - The biggest warning sign: territoriality - Most embezzlers aren't masterminds, and why it's not your fault - Know how much should go into the bank today - Hiring: check ID, run background checks, and consider drug tests - How cutting corners hands your embezzler a "get out of jail free" card - Solo vs. group practices: who gets hit? - ADA data: how often dentists are embezzled from - Should you press charges? - Partner vs. partner theft - If you suspect theft: get expert advice and don't tip anyone off 📰 Plus dental news from 2021: the FDA looks at federal opioid education for prescribers, 53% of dentists now have intraoral scanners, Roseman moves to a three-year dental program, and rapid COVID tests in the dental office. David Harris is CEO of Prosperident, the world's largest firm investigating financial crimes against dentists. He is a CPA, forensic accountant, certified fraud examiner and licensed private investigator, and the author of "Dental Embezzlement: The Art of Theft and the Science of Control." He lives in Halifax, Nova Scotia. Suspect embezzlement? Reach Prosperident at 888-398-2327. Chapters: 0:00 Intro 1:08 Have you ever been stolen from? 2:34 News: federal opioid education for prescribers 8:06 Lasers for pain instead of opioids 8:47 News: 53% of dentists have intraoral scanners 10:39 News: Roseman goes to a three-year program 12:06 News: rapid COVID tests in the office 15:09 Meet David Harris 18:06 How one theft started his career 22:52 The number one warning sign 23:57 Are embezzlers masterminds? 25:12 Why it's not your fault 27:26 The habit that stops the easiest theft 30:01 Hiring: ID, background checks and drug tests 32:51 The "get out of jail free" card 35:34 Solo vs. group practices 37:41 ADA data: how many dentists are victims 39:13 Should you press charges? 43:51 Partner vs. partner theft 45:29 What to do if you suspect theft 47:31 Closing 🎧 Listen to the podcast: Apple Podcasts: https://podcasts.apple.com/us/podcast/dentists-in-the-know/id1543254763 Spotify: https://open.spotify.com/show/2Elfj6LX0hCUyp0AgdTsij 📺 Make sure you subscribe to catch new episodes live every Wednesday at 8pm ET! https://www.youtube.com/@dentistsintheknow 🌐 Check out our brand new website: https://dentistsintheknow.com 🌟 Stay up to date on all the latest dental trends when you follow the DINKs: https://fanflet.com/dinks/social-2