5 Tips for Medical Office Fraud Prevention

Here are the five most common ways in which fraud occurs, and procedures that can help prevent fraud, according to an American Association of Orthopaedic Executives brief.

•    Employees could create a fake vendor identities, so have a system in place that alerts physicians and office managers to any new vendors.
•    Make sure to split up the role or reconciling bank and credit card accounts and bill pay between two or more employees to create checks and balances.
•    Periodically review payroll reports to guard against unapproved pay increases and overtime.
•    Task different employees with ordering supplies and opening the mail to prevent someone from over-ordering supplies, returning them and pocketing the refund.
•    Make sure company credit cards are getting reconciled by an employee who does use that credit card to prevent personal charges on company cards.

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