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Closing or Selling Your Medical Practice
Legal and Financial Considerations
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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
- Retirement
- 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 Revised: June 23, 2021 Expires: June 23, 2024
ACGME/ABMS Competencies This program addresses the following desirable physician attributes: Interpersonal and communication skills, Professionalism Course Objectives Upon completion of this enduring material, readers should be able to: - Incorporate the ideas and tools for merging, selling, or closing a practice into his or her own situation;
- Identify Texas regulations regarding legal responsibilities upon merging, selling, or closing a practice; and
- Explain to a significant other or business partner what to do in the event that the physician or owner of a practice passes away.
Return Policy No refunds or exchanges will be processed for this product.
3.25 AMA PRA Category 1 Credits™ (Enduring)
The Texas Medical Association is accredited by the Accreditation Council for Continuing Medical Education (ACCME) to provide continuing medical education for physicians.
The Texas Medical Association designates this enduring activity for a maximum of 3.25 AMA PRA Category 1 Credits™. Physicians should claim only the credit commensurate with the extent of their participation in the activity.
On select courses, the Texas Medical Association requires physician to complete 70-percent of the test questions correctly to receive credit for this course.
See TMA’s Web Site Privacy Statement
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3.25 ETHICS
This course has been designated for 3.25 credit(s) of education in medical ethics and/or professional responsibility.
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