Names of providers taking your over practice (if applicable).Names of local physicians accepting new patients.When you notify patients, include the following:.Retain a copy of the notification in each patient’s record.Notify all other patients via regular mail.Notify high-risk patients via certified mail with a return receipt.Ensure you notify patients within the proper timeline to avoid claims of abandonment.Notify your patients that you’ll be closing your practice.Review and discuss your obligations regarding vacation time, sick pay, pension plans, insurance and other employee benefits.Prepare to hire temporary staff in case employees find another job before closing.Consider offering incentives to employees who agree to stay until closing.Tell your employees you’ll be closing the practice.Check all local, state and federal laws for closing a practice in your location.Assemble a team to help you close your practice, including an attorney and an accountant.Checklist for Closing Your Medical Practice If you’re like more in-depth guidance on any of these items and helpful tools like sample patient letters, see the references in our Resources section below. Be sure to consult an attorney and follow all applicable laws in your location. To help make things a bit clearer, we’ve assembled an extensive checklist. Plus, depending on whether you’re retiring, moving or selling the practice, the procedures for closing can vary. There are many local, state and federal guidelines you must follow. Closing Your Medical Practice? Here’s What to Do.Ĭlosing a medical practice can be complicated.
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