Ep. 2 - Preventing Fraud in Medical Practices: What You Need to Know with Jan Robidou

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Ep. 2 - Preventing Fraud in Medical Practices: What You Need to Know with Jan Robidou

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In this second episode of Profits in Practice, host Sarah Webb sits down with Jan Robidou, Accounting Manager at Webb CFO, to explore fraud in private medical practices. Jan shares insights from her experience as a senior internal auditor for a Fortune 100 company and explains the "three-legged stool" of fraud: pressure, opportunity, and rationalization. They discuss common areas of fraud in healthcare, including phantom billing, identity swapping, and prescription diversion. Jan also highlights practical internal controls that practices can implement to safeguard their finances. From bank reconciliations and vendor audits to leveraging technology, Jan provides actionable tips to detect and prevent fraud. Whether you're a physician or practice manager, this episode offers essential strategies to protect your practice and ensure financial wellness.

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