Protect Revenues at Medical Practices With Internal Controls

July 27, 2015

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As a family physician, you are particularly vulnerable to embezzlement. Think of how many patients you see, and how many payments and co-payments your front-office staff must process every day. Without internal controls, there is no guarantee that all of the money collected by your staff will end up in your practice’s bank account. Closing out your practice’s books daily and monthly will help protect your revenues (see “Have You Closed Your Books Today?” Family Practice Management, October 1994, page 67). Implementing the following procedures will do even more to prevent losses.


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