4 effective internal controls to prevent dental practice theft

Strong internal controls in a dental practice act as a firewall against embezzlement, according to a Dentistry IQ article.

Advertisement

Here are four internal controls dental practices should consider implementing to avoid theft:

1. Implementing extensive new-hire procedures.
2. Completing daily financial checks.
3. Segregation of duties.
4. Perform a month-end closing with an accountant.

More articles on physician news:

The CORE Institute enters into co-management with Providence Hospitals
Who’s been working with the stars? 10 orthopedic surgeries for professional athletes
21 spine, neurosurgeons on the move

Advertisement

Next Up in Uncategorized

  • Here are four recent updates on dental company CFOs: 1. Matthew Garth stepped down from his role as executive vice…

  • Minnesota has the highest average hourly wage for dental assistants at $30.62 per hour, according to data from the Bureau…

  • Here are six dental industry updates that have taken place in Florida so far in June: 1. Florida lawmakers are…

Advertisement

Comments are closed.