Thinking of Closing Your Medical Practice? Here’s Your To Do List.

Thinking of Closing Your Medical Practice? Here’s Your To Do List.

Are you thinking about retiring and closing your medical practice? Unlike regular 9 to 5 office jobs that simply require a talk with HR and cleaning out personal items from a desk, retiring physicians who are closing their medical practice face a long to do list. Not only do you have to worry about the patients and employees who rely on you, but you also have to consider the contents of your building. Keep reading for a breakdown of your

Patient & Employee Disclosure

First and foremost, you have to consider the people that your retirement will impact. You should obviously notify your employees with ample time so that they can begin to search for new jobs. You will also need to let your patients know so they can begin to search for a new doctor. While these are not easy conversations to have, you have worked hard to reach retirement and your patients and employees will understand and wish you the best.

Property & Building

Something else to consider is the building and its contents. If you lease the building you will need to inform your landlord of your intent to vacate. If you own the building, you will want to work with a realtor to begin searching for a buyer. In addition, you will need to off load any medical equipment and office furniture.

Insurance, Organizations & Associations

You will also need to inform your insurance provider that you are planning to retire. They will discuss various options with you and counsel you as to whether or not you need to retain some through retirement. Any medical organizations or associations that you are a part of should also be informed of your decision to retire so they can update the necessary records.

Document Management

Finally, you need to determine what you are going to do with your medical records. You need to store patient medical records, whether via digital or in paper form, in a secure manner. There are also going to be documents that need to be securely shredded and disposed of. Before you get overwhelmed, consider utilizing the services of My Retired Doctor.

Do you need assistance with document management for your closing medical practice?

At My Retired Doctor, we know how stressful it can be to close a medical practice. Retiring on top that can compound matters even more. Our document management services are aimed at providing document management services for retiring physicians. We provide scanning, storage and shredding services. We can even serve as your Release of Information provider, ensuring that your patients can still get access to their records after you’ve retired. Our services are secure and we are 100% HIPAA compliant. If you are ready to start taking steps towards closing your practice and retiring, it’s never too early to call us. Contact My Retired Doctor at 877-328-2343 today to learn more!