Howard Bogard Quoted in Medical Office Today
Back-office fraud is more prevalent than people believe," Bogard tells the publication. "A few hundred dollars here and there soon adds up to significant losses. Back-office fraud typically arises in two forms: embezzlement of funds or identity theft. Embezzlement seems to be more prevalent in smaller physician offices where one person may handle receivables, accounts payable and have access to the practice's bank account, while identity theft can occur in all medical practices, especially if the medical charts contain social security numbers and financial information." Bogard and other industry leaders provide tips for preventing and dealing with back-office fraud. The article is available to Medical Office Today subscribers at www.medicalofficetoday.com.