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Who Do I Need to Inform That I Am Closing My Medical Practice?

Who Do I Need to Inform That I Am Closing My Medical Practice?
When you decide it’s time to close your medical practice it is important to remember that you are not the only one affected by the decision. There are many lives that will be impacted—albeit some in a much smaller way than others—that need to be taken into account. Thankfully, if you inform people with enough notice, you can mitigate the effects of closing your medical practice.

Keep reading for a list of people that you need to inform of your intent to retire and close your medical practice.

  1.  Your Staff
  2. The first people that should hear about your retirement are your employees. They are the ones on the front line with you day after day and they should hear it from you first when you decide that you are going to retire and close your medical practice. If possible, give them enough notice so that they can begin looking for other jobs.

  3. Your Patients
  4. The next group of people that should be notified of your intent to retire and close your medical practice are your patients. A letter should be sent out to all of your patients letting them know of the upcoming retirement. Also included in this letter, should be directions on how they can transfer their medical records to another provider.

  5. Your Vendors & Landlord
  6. You also need to let your vendors know of your upcoming retirement. This includes everyone from office supply companies to medical suppliers. In addition, you should also have a conversation with your landlord if you lease the space and figure out the terms of ending your lease. If you own the space, you should speak with a realtor to figure out a game plan for listing the space for sale.

  7. Medical Board & Insurance Providers
  8. In addition to everyone listed above, you should also inform the Medical Board and your insurance providers. You might want to keep some coverage after the fact, so be sure to have a thorough conversation with your insurance provider to determine the best course of action.

  9. My Retired Doctor
  10. Okay, okay. You don’t have to inform us that you are closing your medical practice and retiring, but you will be glad you did! Since 1993, we’ve been helping retiring physicians by managing their records. From billing documents to patient medical records, we offer scanning, shredding, and storage services to help make closing your medical practice easier. Plus, we can also serve as your Release of Information Provider to ensure that your patients have access to their medical records after you’ve retired. Give us a call today at 877-328-2343 to discuss how our services can benefit you.

To learn more about the reliable and quality document management services that we offer, visit us on the web at My Retired Doctor.