While it is great to have a well-functioning team that you can trust to accomplish their tasks, it is important that the owner dentist consistently be involved in the financial auditing process to support a system of checks and balances. Doing so will help identify areas of needed training, increase collections and identify areas of strength and opportunity for your team. It will also help deter the opportunity for embezzlement. Embezzlement is a felony that is most commonly committed when the opportunity is presented. Being involved in a daily and monthly audit will help you remove that perceived opportunity within your office.
A 2018 survey from the American Dental Association demonstrates the importance of implementing a team chart audit to protect your practice, your team, and your patients:
Below are recommended steps and the responsible party for conducting dental practice audits:
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