Physicians lead a busy life while they are running a medical practice and it is understandable that the time comes when they’re ready to retire and settle into a more peaceful life. However, unlike someone retiring from a corporate or support job, if you run your own medical practice there is so much more to take into consideration. It isn’t as simple as contacting Human Resources to let them know your plan to retire on a certain date. You need to take into account your patients, vendors, staff and evens laws, regulations and HIPAA. While you might just want to retire and call it a day, it just isn’t that simple.

What do you need to do to close your medical practice?

When you are closing your medical practice, there are many groups that you need to take into account. First, you need to inform your staff so that they can start looking for employment elsewhere if they aren’t planning on retiring. You’ll also need to give your patients a head’s up so that they can begin weighing their options of other doctors to switch to. The more notice you can give them, the better, so that they can get everything in order themselves. Next, you’ll need to consider your landlord and any vendors that supply you. You’ll need to either sell your office equipment or return it to whomever you rented it from. Additionally, you will need to take into account your insurance providers and plans, associations and regulatory bodies. Last, but not least, you will also need to deal with the storage closets and filing cabinets chock full of patient records and billing documents.

What can My Retired Doctor do for you?

At My Retired Doctor, we offer document management services to retiring physicians. We can scan paper records into sleek digital databases and shred old records that you no longer need. If you need a place to keep your documents after your practice is closed and vacated, we also offer a secure and HIPAA compliant storage facility. Finally, instead of handling Release of Information requests on your own after retirement, you can entrust that responsibility to us!

Are you ready to take advantage of the services that My Retired Doctor offers retiring physicians?

We know how stressful it can be trying to tie up all the loose ends when you are closing your medical practice and retiring. That is why we offer our document management services to help ensure a smooth transition. You want to make sure everything is legally and financially wrapped up according to all laws and regulations and we can help do just that. Trust My Retired Doctor with your scanning, storage, and/or shredding services so you can concentrate on sailing off into retirement smoothly. To get started, give our team a call at 877-328-2343!