Medical Fraud and Risk Checklist

At least 50% of medical practices have some form of financial internal control issue. That is my experience, anyway, based on talking with hundreds of owners and PMs this year.

AI and Medical Practices

For example:

• One person controls the invoicing and bill payments

• One person rosters staff, approves timesheets and handles payroll 

• One person handles receipting and doctor income recs

 It’s an easy problem to solve these days. 

You can speak to your accountant or bookkeeper, or start with this AI prompt:

"Create a one-page tick-box checklist for an Australian Medical Practices to minimise fraud/error. Cover Accounts Payable, Payroll, Bookkeeping, and Banking & Cash Handling. Include dual approval for payments, independent reviews (bank recs, supplier changes, payroll, reports), and clear role separation. Require individual logins, 2FA, and annual access reviews. For Banking & Cash Handling: no single person has full control, two staff count cash, cash is banked daily and reconciled to the PMS, EFTPOS links directly to PMS, and online banking is restricted by role (setup vs approval). Make it practical and ready for immediate use."

Download the GrowthMD Fraud & Risk Checklist for Medical Practices:

GrowthMD - 2025 Fraud and Risk Checklist.pdf

Download PDF • 544KB