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Prosperident's Wendy Askins featured in DrBicuspid.com |
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Wendy Askins is one of Prosperident's most accomplished investigators. Kevin Henry from DrBicuspid.com recently interviewed Wendy on a case she had investigated where for stealing $240,000, a thief was sentenced to four years in federal prison.
The interview provides a fascinating peek into the world of embezzlement. The video and transcript are available HERE. |
We'd love to speak at your event!
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Embezzlement is a dry, boring topic, right? Not when we talk about it! Our daily contact lets us use real-life cases to bring this topic to life, and to bring out the "teaching moments" that make time spent with us worthwhile.
Our speakers have spoken at meetings like Hinman, Greater NY, Chicago Midwinter, CDA, AAO, AAE and many others.
To find out more or book a Prosperident speaker for your society or study club click THIS LINK.
Here are some places you can see us soon:
| Apr 4 |
American Association of Endodontists |
Boston MA |
| Apr 30 |
Kingston District Dental Society |
Kingston ON |
| May 1 |
ThriveLive 2025 |
Las Vegas NV |
| May 16 |
South Dakota Dental Association |
Rapid City SD |
| May 21 |
Inland Empire OMFS |
Redlands CA |
| May 22 |
Inland Empire OMFS |
Upland CA |
| 2026 |
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| Jan 20 |
Chicago Midwinter Meeting |
Chicago IL |
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Three Essential Financial Controls |
One of the cornerstones of practice financial controls is the comparison between collections according to practice management software and bank deposits. There are two parts to this activity. Balancing is something that your office manager or lead receptionist should do at the end of each day before leaving. Balancing is vital to catch posting errors or a payment that got added to the deposit without being entered as a payment. Particularly if the practice owner doesn't enforce this task, many offices have gotten out of the habit of day-end balancing.
Reconciliation is not the same as balancing. Reconciliation is done by the practice owner (or possibly by someone external to the practice like a bookkeeper). The task is similar to balancing, but the process is more effective if it is done monthly, with monthly totals from practice management software being compared with deposits taken from bank statements. For more information on how (and why) to reconcile, check out David Harris' book on Amazon.
If you find reconciliation to be difficult or time consuming, some relief is around the corner. Prosperident has partnered with a company that has built an affordable application for doing this job monthly. This product is currently in beta testing, with limited release in the next few months. Stay tuned for more information here.
And don't forget Articulation, which is the process for ensuring that all monthly transactions are in the information that has been provided to the practice owner. More information on articulation is HERE. |
The View from the CEO's Chair
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You will see from the column to the left that our work was instrumental in getting a dental thief taken out of circulation. While sending someone to prison gets attention and helps raise awareness of the scourge of embezzlement in dentistry, in my view it is not the most important thing our company does.
While our investigators are unrivalled in their ability to find the well-hidden traces of employee theft in a client's records, it is their "soft skills" that really distinguish our excellent group.
When someone calls us having a suspicion or confirmation that someone has stolen from them, they are suddenly exposed to a range of emotions that they never expected to have. Anger, betrayal, guilt, and the loss of trust in people are common feelings.
While our overt job is to find out whether money is missing and to help them obtain justice and financial recovery, we never lose sight of the human element. We provide relief, reassurance, and comfort to some very upset clients. We support them through challenging issues such as terminating a long-term employee who has been stealing.
It is very common for our team members to form relationships with our clients that last for many years. Wendy Askins, who performed the investigation that is profiled here, is well known for the bonds that she develops with our clients.
I hope that you are never faced with an embezzlement issue in your practice but please be assured that if you are, we will be a supportive partner and will walk with you through the journey of recovering your money and your emotional equilibrium.
If you do have concerns about your practice, click HERE to bend my sympathetic ear.
Yours truly,
David Harris
CEO
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We are Prosperident, Dentistry's Embezzlement Experts
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