Let’s face it, 2020 was a rough year for everyone, but especially for those in the medical field. If you are planning to close your medical practice and retire this year, you are not alone. My Retired Doctor is here to help, but unfortunately, we cannot help with every aspect of closing your medical practice when you retire. Not sure what to consider when retiring and closing your medical practice? Keep reading to learn more about how to close your practice and how My Retired Doctor can help!

Informed Affected Parties

The first step of closing your medical practice to retire is informing everyone who will be affected by the impending change. That does not just mean letting your patients and employees know about your retirement. You will also need to speak with your landlord if you rent/lease or a realtor if you own and are planning to sell. In addition, you should also speak with your medical and office supply vendors, your insurance agent{s}, and any medical associations that you are a member of.

Deal With The Contents of Your Practice

The next step is to consider what you are going to do with the contents of your medical practice when you retire. You will need to sell all of your office and medical supplies. This includes, but is not limited to, exam tables, medical equipment, testing equipment, printers, copiers, and office/lobby furniture.

Determine How to Handle Medical Records

In addition to everything listed above, you will also need to figure out how to handle your medical records. With HIPAA, your patients are guaranteed access to their medical records even after you have retired. If you do not want to be responsible for that yourself, My Retired Doctor can serve as your Release of Information Provider. In addition, we also offer medical record management services, including document shredding, scanning, and storage.

If you need help retiring and closing your medical practice, contact My Retired Doctor today!

If you are going to retire and close your medical practice this summer My Retired Doctor is here to help. Since 1993, we have been helping retiring physicians with their document management and we would be happy to help you as well! We do everything from digital medical record conversion and storage to secure shredding and providing Release of Information services. If you are thinking about retiring this summer, now is the time to start planning. Give us a call today at 877-328-2343 to get started.

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