Detect missing money

I visited a practice in which collections according to the practice management software wasn’t making it to the bank account. Further investigation revealed a number of discrepancies in the records.

Bad news: The practice faces the labor intensive task of correcting a number of patient accounts.

Good news: By comparing the numbers in the practice management software and the accounting records, we identified problems early.

Discrepancies between your practice management software and your accounting system serve as an easy warning sign that something is wrong. The problem can be innocent - systematic or one-time record keeping errors - or fraudulent.