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Publication (Hardcopy)

Closing or Selling Your Medical Practice

Legal and Financial Considerations
Credit(s): 3.25 AMA PRA Category 1 Credits™ (Enduring)
Course Number: PME-CLOSE/GEN
Original Program Date: April 2, 2012
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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

    Reviewed:       March 31, 2015
    Expires:           March 31, 2018



    Target Audience
    This course is appropriate for physicians, residents, students, and family members of medical professionals in all specialties. 


    Course Objectives
    Upon completion of this enduring material, readers 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.


    Teaching Methods
    The participant is required to read the course in its entirety and complete an online test and course evaluation to obtain credit. 


    Return Policy
    No refunds or exchanges will be processed for this product.


    Sponsored by
    TMA gratefully acknowledges the Texas Medical Association Insurance Trust for its generous support of this publication.

    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.

    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

    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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