Cash controls in your office involve the proper use of several rather simple bookkeeping systems. But if they’re not done consistently, it opens up the door for employee embezzlement. Check Signatures Only the physician or dentist should have signature privileges. And by all means, do not allow your personnel to use a signature stamp. Although […]
32 Questions for Reviewing Internal Financial Controls
Too many doctors fall prey to employee embezzlement due to a lack of internal financial controls. I know, because I’ve seen it happen. In at least one instance an office manager convinced her employers that a change in the accounting system was needed to save costs. A couple of years later I received a call […]
The Doctor’s Guide to Employee Embezzlement
Employee embezzlement is a pervasive problem in private practice healthcare. Fraud occurs in more than 50% of medical and dental practices. The problem persists because of a lack of internal controls and managerial oversight. Why do employees steal from your practice? What are some examples of fraud schemes? How much does the average perpetrator get […]
10 Myths of a Security Risk Analysis
A security risk analysis is the first step you should take towards improving your safeguards against security data breach and following compliance with the HIPAA Security Rule. This post was adapted from an article by HealthIT.gov. It explores the top 10 myths of a security risk analysis. The security risk analysis is optional for small […]
Does Your Practice Need a Security Risk Analysis?
The HIPAA Security Rule was established to help business entities who handle electronic personal health information (ePHI) determine if they have proper safeguards in place to prevent a breach in patients’ healthcare information. Under the Security Rule, all covered entities are required to implement three types of safeguards: administrative, physical and technical. How to create […]
Guidance on Ransomware Attacks
Don’t be a victim of cyber threats. Here’s a checklist of best practices that will reduce your chance of getting in trouble online.