The COVID-19 pandemic disrupted nearly every aspect of dental practice — including how embezzlement happens. In this timely episode, Prosperident's David Harris, Wendy Askins, and Amber Weber examine how the events of 2020 and 2021 changed the financial threat landscape for dental practices, and what practice owners need to know as they navigate the post-pandemic environment.
Practice closures, staff furloughs, government relief programs, remote management, and rapid reopening all created new opportunities and new methods for financially motivated employees. The Prosperident team breaks down what they observed in their casework during and after the pandemic and what it means for how dental practices should think about financial oversight going forward.
Topics covered include:
Embezzlement doesn't pause during a crisis — in many cases it accelerates. This episode equips practice owners with the awareness and tools to stay ahead of the evolving threat.
To learn more about protecting your practice, visit www.prosperident.com or schedule a consultation at www.prosperident.com/meetwithdavid.
Timestamps:
0:00 - Introduction / Show open
3:34 - How the pandemic disrupted the financial oversight routines of dental pract
8:00 - New embezzlement methods that emerged or accelerated during COVID-19
16:00 - How government relief funds
24:00 - The relationship between financial stress
32:00 - How staff changes during the pandemic created oversight gaps
40:00 - Why post-pandemic practice busyness makes embezzlement easier to hide
48:00 - Emerging patterns in how embezzlers are operating in 2021 and beyond
56:00 - The specific countermeasures that address post-pandemic theft patterns
1:00:17 - How to rebuild financial oversight systems that may have eroded during clos
1:07:23 - Closing / How to contact Prosperident
