![]() Keep the following in mind about medical records when closing or selling a practice: You’ll want to contact an accountant and an attorney to help you navigate financial and legal issues related to closing or selling your practice. The AAFP Closing Your Practice Checklist(1 page PDF) provides you with a number of notifications and tasks that guide you through the process of closing your practice.Īs with starting a practice, closing a practice includes a number of financial and legal issues. You may feel consumed by details and deadlines involved with the closing process and may wonder where to begin. Retiring and selling or closing your practice can be an exciting, yet complicated process. This ensures you are making sound business decisions and complying with legal issues related to your profession. Appropriate planning can result in a successful practice, and this tool can help you begin that planning process.Īs with any business venture, it is important to contact an accountant and an attorney for financial and legal advice to start your practice. The checklist offers steps that can be taken for a reasonable implementation timeline. It can also help you understand and track your practice’s patient-visit goals. ![]() The tool helps you determine start-up expenses, develop a monthly budget, and assess evaluation and management revenue for a traditional physician practice. ![]() The American Academy of Family Physician (AAFP) Starting a Practice tool (149 KB XLSX) helps guide you through the process. Although it will come with difficulty, starting a practice can have great rewards and is possible with the right resources. It is important to consider your options, and to evaluate your tolerance for risk. Starting a practice is a detailed and lengthy process. ![]()
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