Getting Help with the Hassle of Closing Your Medical Practice

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Getting Help with the Hassle of Closing Your Medical Practice

Getting Help with the Hassle of Closing Your Medical Practice

Are you thinking of retiring and closing your medical practice in 2018? If so, it’s never too early to get started. The list of tasks is long and might seem never ending. Here are a few of the major tasks that need to be completed when you are closing your medical practice:

Informing Your Patients

When you begin to close your medical practice, one of the first things you will need to do is inform your patients. Their care is your primary concern and it’s important to give them the time necessary to find a new physician that will be able to treat them. Be sure to give plenty of lead time, and possibly even some recommendations to make the transition smoother.

Speaking With Employees & Vendors

In addition to your patients, you will also need to let your employees and vendors know that you are planning to retire and close your medical practice. Your valued employees will need time to look for other positions, so don’t spring it on them last minute. In addition, you’ll also need to let vendors know that you’re closing up shop. If you forget to do that, you might be racking up bills for deliveries of water, paper towels, etc. that you aren’t actually using.

Dealing With Insurance & Regulations

Another aspect to consider is what to do with your insurance and accreditations. Speak with your insurance providers to determine the best course of action in terms of cancelling or continuing coverage. You will also need to inform the medical boards that you are planning to retire.

Dissembling Your Physical Office

What to do with your office and its contents is another momentous task. Do you lease or own the space? If you own it, contact a realtor to get started on the selling process. If you rent, you’ll need to let your landlord know that you will be vacating the premises. In addition, you’ll need to empty out the space. That means selling or disposing of office and medical equipment appropriately.

Managing Your Documents & Patient Records

When you are going through the process of retiring and closing your medical practice, you will need to properly manage the documents and patient records housed inside. There are certain regulations and laws dictating how these documents are maintained and disposed of and you don’t want to be in violation. That is why it is so important to handle them properly.

How can Datafied help with closing your medical practice?

At Datafied, we offer help to physicians closing their medical practice. We know the stress on your shoulders when you make the decision to retire, and our goal is to help make the process run as smoothly as possible. From advice on the ever expanding to-do list to assistance managing medical records, Datafied can help. Visit us on the web at Datafied to learn more!


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