The Overlooked Basics
The Overlooked Basics
A summary of what every dental practice owner should know and implement in the day to day operations of their practice.
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Embezzling Warning Signs

1/10/2017 10:15:00 AM   |   Comments: 0   |   Views: 129
 

Embezzling Warning Signs
Statistically, at least 40% of all (if not more), dental practices will be the victim of employee embezzlement. Employee embezzlement has an enormous financial and operational impact on a dental practice. However, there are many signs that employee embezzlement may be taking place. 
 
Here are some of the most common warning signs of employee embezzlement: 

  • An employee is having financial difficulty
  • An employee's changes in personality
  • An employee with new found wealth
  • An employee is always first to arrive and last to leave
  • An employee who is very controlling
  • An employee who is taking work home
  • An employee who is resistant to change
  • An employee is constantly working overtime without sufficient reason
  • An employee who never takes vacation/sick/personal days
  • An increase in past due accounts or a decrease in collections
  • Co-worker complaints about a specific staff member
  • Inconsistent financial records
 
Employee embezzlement can be very difficult to discover. Therefore, it is important to look for several warning signs regarding an employee's behavior. 

January 10, 2017


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If you would like Stuart J. Oberman, Esq. to speak at an event, please contact Katharine Drum, Marketing Coordinator (kath@obermanlaw.com).
 

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Stuart J. Oberman, Esq handles a wide range of legal issues for the dental profession including cyber security breaches, employment law, practice sales, OSHA, and HIPAA compliance, real estate transactions, lease agreements, noncompete agreements, dental board complaints, and professional corporations.
 
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