5 Safeguards To Protect Your Practice
When it comes to employee theft, there are many ways to mitigate the risk. In her article in Today’s Veterinary Business, Mira explains five safeguards to implement to protect your practice.
“Practice owner Dr. Mark Bark walks into the storage room, pulls a 25-pound bag of dog food from the shelf and says, “George, can you help me, please?” George grabs the bag, walks to the lobby and pauses at Lauren’s desk, waiting for her to issue an invoice. George looks for the client, but Lauren tells him, “It’s for Dr. Bark.” The practice owner waves at George to follow him to the front door and load the bag into his car.
What just happened? On the surface, you might think nothing much. However, what George and Lauren witnessed was a bag of pet food leaving the hospital without an invoice. They might think nothing more of it because Dr. Bark owns the practice.
A lot has been said about fraud prevention, particularly the precautions in place, but let’s look at the scenario above through the eyes of a potential thief. George might be a dedicated, hard-working employee and in the 10% of the population that never steals. Yes, you read that right, 10%! The 10-10-80 fraud rule says 10% of people will never steal, 10% will look for opportunities to steal, and 80% might steal given a chance.”
Read Full Article here.