Involve more than one surgical staff member in handling practice finances. This minimizes the possibility of someone falsifying accounts for personal gain. Never let the person who collects money also make bank deposits. In addition, use an accounting firm to conduct unscheduled audits. Checks and balances―with in-house and outside oversight―can help prevent any financial impropriety.

Additional Resource: Read an excerpt from Dr. Levin’s book, “Practice Finance,” by clicking here.