Think your practice is embezzlement-proof?

Written by Reed Tinsley, CPA | March 30, 2006

An office manager steals $120,000 from a Florida pulmonologist who claimed that his bookkeeping system was "foolproof." A trusted bookkeeper embezzles $330,000 from a Connecticut surgeon by forging his signature on checks and depositing them in her own account. Think your practice has a foolproof financial system? It may not be good enough to stop a determined thief.

Read this excellent article; this link may be available for only a limited time:

Rice, Berkeley. "Practice pointers: 10 ways to foil an embezzler," Medical Economics, March 17, 2006. Read the article.

Also, you can find articles on the same subject in the MGMA Knowledge Center by searching the Article Archive under "theft."

About the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.

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