Successfully closing your practice.
Circumstances may lead a physician to decide to end their current practice arrangement. Whatever the reason for making that decision, there are many factors to consider before closing your practice.
When deciding to close their office practice, physicians should be aware of governmental regulations and other obligations they must meet to close their practice successfully. It is a lengthy process, and the plan should begin at least a year before the estimated closing date. Closing Your Practice: What You Need to Know provides valuable information for physicians to consider when closing their practice
Medical Mutual's practice tip Closing Your Practice – Retirement - Relocation - Selling your practice offers helpful steps to take when closing your practice. Our Closing Your Practice Worksheet located on our Checklists page will help you keep track of essential tasks that should be completed before your final closing date.