Protect Your Practice: Embezzlement Prevention with Prosperident CEO David Harris

"It takes almost no time to do this." Connect With Our SponsorsSolventum - https://go.solventum.com/clarityGreyFinch - https://greyfinch.com/jillallen/A-Dec - https://www.a-dec.com/orthodonticsSmileSuite - https://getsmilesuite.com/ Summary In this episode of the Hey Docs! Podcast, Jill Allen sits down with David Harris, CEO of Prosperident, to discuss the challenges of employee turnover in the orthodontic and dental industry and the importance of pre-employment screening to protect practices from potential risks. They explore strategies for effective hiring, including conducting criminal background checks and verifying employment history, while emphasizing the need for thoroughness in the hiring process to ensure the right fit for dental teams. Jill and David also touch on the critical aspects of hiring decisions, financial oversight, and internal controls within practices. They emphasize the importance of accountability among staff, the necessity of regular financial checks, and the implementation of systems to prevent embezzlement. The discussion also covers the concept of articulation in financial reporting, ensuring that daily and monthly totals align to safeguard against discrepancies. Connect With Our Guest Prosperident - https://www.prosperident.com/ Takeaways Employee turnover in practices is a significant challenge.Pre-employment screening is crucial for reducing hiring risks.70 million Americans have a criminal record, impacting hiring decisions.Not all criminal records disqualify candidates; context matters.Most practice owners do not adequately screen potential hires.Be upfront about screening processes in job ads.Proper identification checks can prevent hiring fraud.Employment verification should cover the last five years.Asking about rehire eligibility can reveal important insights.Separation of duties in financial management can reduce risk of theft.Chapters 00:00 Introduction03:57 Why Hiring Feels Hard08:10 Screening Starts in the Job Ad10:30 ID Checks at Interview18:05 Verify Employment Properly21:23 Reference Questions to Ask24:55 From Hiring to Oversight27:45 Why Owners Must Verify30:40 Cash Accounting Blind Spots33:04 Modern Payment Timing Issues34:29 Graphing Variances Over Time38:02 Separation of Duties Rules42:11 Contract Checks in Ortho44:46 Articulation Daily vs Monthly48:53 Prosperident Contact Info Episode Credits:  Hosted by Jill AllenProduced by Jordann KillionAudio Engineering by Garrett LuceroAre you ready to start a practice of your own? Do you need a fresh set of eyes or some advice in your existing practice?Reach out to me- www.practiceresults.com.    If you like what we are doing here on Hey Docs! and want to hear more of this awesome content, give us a 5-star Rating on your preferred listening platform and subscribe to our show so you never miss an episode.    New episodes drop every Thursday!