Employee Embezzlement – Reducing the Risk

Tips for Reducing the Risk of Embezzlement
The practice owner should always:
1. Be involved with the front office
2. Never use or have a signature stamp in the office
3. Review lab bills – invoices vs. billed amounts, patient names
4. Review phone bill details
5. Have mail delivered to the practice owner’s desk unopened
6. Review monthly credit card statements
7. Inform trusted employees that all banking transactions must be approved before any action takes place
8. Have payments received by mail stamped with the bank deposit stamp
9. Check the “For Deposit Only” bank stamps to ensure that account numbers are correct