Wednesday, July 15, 2020

I’ve heard about dental practices being embezzled. Does registering for EFT from insurance companies put my office at risk?

Actually, EFT is more secure and transfers are routed through approved banking channels in highly protected formats. All dental insurance companies and banks have to meet all privacy and security standards with password encrypted account entry. Be aware this is a federally mandated system.

Cash is the main target, but the theft of patient checks (personal and Insurance) is increasing dramatically.

Dental WebSmart will help you with the EFT & ERA set up process in which all monies go directly to your bank account. Setting up a secure environment for receiving EFT payments is the most important feature to avoid the risk of embezzlement.

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