Are you thinking about closing or selling your medical practice? Several things need to be taken into account when making a career-changing decision.
How will the antikickback law affect your sale? If you are closing your practice, how should you notify your patients and handle their medical records? Have you made arrangements for your practice's sale or continuity in the event of your disability or death?
This publication will cover the following:
• Sale of a Medical Practice
• Notifying Patients and Employees
• Medical Record Retention Guidelines
• Dealing with Subpoenas
• Death or Incapacity of a Physician
This book also contains forms, lists, and sample letters to help you follow the law and protect your interests.
Released: April 2, 2012
Expires: April 2, 2015
This course is appropriate for physicians, residents, students, and family members of medical professionals in all specialties.
Upon completion of this enduring material, the reader should be able to:
1. Incorporate the ideas and tools for merging, selling, or closing a practice into his or her own situation;
2. Identify Texas regulations regarding legal responsibilities upon merging, selling, or closing a practice; and
3. Explain to a significant other or business partner what to do in the event that the physician or owner of a practice passes away.
The Texas Medical Association gratefully acknowledges the Texas Medical Association Insurance Trust for its generous support of this publication.