Chances are two out of three people in the industry are being, have been, or will lose funds through embezzlement. The median loss for small businesses, is about $150,000 through embezzlement alone. Healthcare practices lose $25 billion annually from the combination of fraud and embezzlement.

Alarmingly, there are more than 1,000 ways to embezzle money from a practice but PNC is here to help. PNC Healthcare Banker Jeff Holt can help you learn how to protect themselves. On this show we are discussing just how embezzlement happens in a medical practice, ways to avoid it and what to do if you suspect this.

BIO

Jeff Holt, vice president and healthcare consultant for PNC Bank, has been with the bank for 28 years and has over 8 years’ experience servicing only healthcare clients. Through this role, he supports medical, dental, and veterinary practices with revenue cycle reviews, specialized lending and healthcare banking services. And he covers the industry from Central Florida to the Gainesville area.

He’s a graduate of the University of Michigan and is a Certified Medical Practice Executive and is in the process of earning the American College of Medical Practice Executives certification.