Dental Embezzlement News
Issue #27 -- September 2014
Did you miss a previous newsletter?  We archive them here.
Hear Us Speak!
Here are some of the upcoming venues where we will be speaking:
Sep 21 New Jersey Health Professionals Development Institute, River Edge NJ
Sep 25 Annapolis Valley Dental Society, Kentville NS
Oct 5 Pacific Coast Society of Orthodontists, Anaheim CA
Oct 11 Southern Association of Orthodontists, Nassau Bahamas
Nov 15 Dalhousie University, Halifax NS
Nov 18 Patterson Dental, Miami FL
Nov 19 Patterson Dental, Fort Lauderdale, FL
Nov 20 Patterson Dental, Stuart, FL
Dec 3 American Association of Orthodontists webinar (AAO members only)
Dec 4 Paragon Management, Washington DC
Dec 6 ITI Study Club, Kennesaw GA
Dec 9 American Association of Orthodontists webinar (AAO members only)
2015
Jan 25 Carestream Oral Surgery Summit, Atlanta, GA
Jan 29
topsFest, Atlanta GA
Feb 12 American Academy of Dental Group Practice, Las Vegas NV
Feb 20 Ortho2 User Group Meeting, Scottsdale AZ
Mar 5 Pacific Dental Conference, Vancouver, BC
Apr 9 New Orleans Dental Conference, New Orleans, LA
Apr 14 Fox River Dental Society, Geneva, IL
May 8 American Association of Endodontists, Seattle WA
Sept 11 Northeastern Society of Orthodontists, Providence RI
Nov 5 ADA Annual Meeting, Washington DC
 
To book a great speaker for your meeting or study club, please send an email here  or call us at 888-398-2327.
 
Prosperident's Mission
 “We eliminate uncertainty for dentists with embezzlement concerns and maximize financial and emotional recovery for victims.”
 

 
 
 
Check out our web store
You can find our web store at www.dentalembezzlement.com/store.
 
Attention Orthodontists:
Our newest "how to" package is designed specifically for orthodontists, and is called "How to Beat Embezzlement in Your Orthodontic Practice". This package contains a useful monthly monitoring spreadsheet, and our popular Embezzlement Risk Assessment Questionnaire.
 
As an introductory special, the first 100 orthodontists using the offer code PROSPERIDENTLOVESORTHO will get a 35% discount off the retail price.
 
You can order the package here
 
This offer will sell out quickly, so please act soon to ensure that you don't lose out.
 
 
dentists making a difference for cancer patients
 
 
 
 
 
 
 
 
 
 
 
 
Don't Shoot the Messenger
David Harris co-wrote this article several years ago with his friend, Dental Consultant Lorraine Guth, in a great magazine called The Progressive Dentist.  It's a great discussion about embezzlement and the dilemma that Lorraine faced.
 
Lorraine's web site is www.motivationsbymouth.com
 

Lorraine Guth…
If you suspected your friend’s spouse of cheating, would you tell?  What if the signs of the deceit were fairly clear, but you couldn’t be sure? It’s a tough question, and most of us really don’t know how we would respond until actually faced with the decision.  As consultants, one of our most difficult challenges is bringing evidence forward when we believe a dentist-client is the victim of fraud.
 
Follow me as I recount an experience. It was the end of the first day of observation and coaching in Dr. Simpson’s practice.  I watched and learned from the doctor and team members.  Something didn’t seem right.  I began my mental organization of findings and started to dig deeper. Dr. Simpson’s favorite and most dedicated employee seemed to be holding back.
 
 
By David Harris MBA CMA CFE and Pat Little DDS FAGD CFE
As investigators, one thing we encounter every time we speak to a group of dentists is that, in the area of embezzlement, they consistently underestimate the capabilities of their opponents.

The most common question asked of us is, “Will this control/procedure/auditing step work?” followed by some procedural change that the questioner intends to implement. Normally, this change is designed to block a specific embezzlement methodology.

For example, one question recently asked in a presentation was whether using a “lockbox” system, where all mail gets delivered to a third party (which then opens the mail and inventories the contents), would prevent embezzlement.

This question is an example of denial of opportunity strategies for controlling embezzlement, because its goal is to block a specific embezzlement pathway.

While we don’t think that strategies of this type are necessarily bad ideas, we do believe that their effectiveness in controlling embezzlement is overestimated.
 
investigators, one thing we encounter every time we speak to a group of dentists is that, in the area of embezzlement, they consistently underestimate the capabilities of their opponents.

The most common question asked of us is, “Will this control/procedure/auditing step work?” followed by some procedural change that the questioner intends to implement. Normally, this change is designed to block a specific embezzlement methodology.

For example, one question recently asked in a presentation was whether using a “lockbox” system, where all mail gets delivered to a third party (which then opens the mail and inventories the contents), would prevent embezzlement.

This question is an example of denial of opportunity strategies for controlling embezzlement, because its goal is to block a specific embezzlement pathway.

While we don’t think that strategies of this type are necessarily bad ideas, we do believe that their effectiveness in controlling embezzlement is overestimated. - See more at: http://www.dentaltown.com/MessageBoard/thread.aspx?s=2&f=2669&t=230412#sthash.PxqHQmV7.dpuf
As investigators, one thing we encounter every time we speak to a group of dentists is that, in the area of embezzlement, they consistently underestimate the capabilities of their opponents.

The most common question asked of us is, “Will this control/procedure/auditing step work?” followed by some procedural change that the questioner intends to implement. Normally, this change is designed to block a specific embezzlement methodology.

For example, one question recently asked in a presentation was whether using a “lockbox” system, where all mail gets delivered to a third party (which then opens the mail and inventories the contents), would prevent embezzlement.

This question is an example of denial of opportunity strategies for controlling embezzlement, because its goal is to block a specific embezzlement pathway.

While we don’t think that strategies of this type are necessarily bad ideas, we do believe that their effectiveness in controlling embezzlement is overestimated. - See more at: http://www.dentaltown.com/MessageBoard/thread.aspx?s=2&f=2669&t=230412#sthash.PxqHQmV7.dpuf
A Note From Our CEO:
 
 
In July, we had the pleasure of hosting Prosperident's senior investigative team at our head office in Halifax, Canada.  Our examiners live all over North America, and since we are a "Company of the Cloud", we don't often get to see each other face to face.  In fact, while they communicate by Skype and email, many of our senior people hadn't actually met each other.
 
So we had a couple of intense days working on improving our techniques and revising some of our processes. The meeting's focus was on increasing the turnaround time for our embezzlement examinations. 
 
We had some fun too, of course, and managed to fit in some sea kayaking, touring the local area and a barbeque at my house.  While our group's backgrounds are diverse, it amazed me how well they interacted as a group and how quickly they brought out the best in each other.
 
It's hard not to be struck by the intellect, resourcefulness and dedication of this group.  Prosperident, and the dental community, are fortunate to have their expertise.
 
 
 
 
David Harris, MBA CMA CFE
Chief Executive Officer
 
 
 
 
Prosperident -- The world's largest dental investigation embezzlement firm
888-398-2327