Medical Practice Management
Mar 30

Think your practice is embezzlement-proof?

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 Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read more →