Essential Compliance Steps When Exiting A Medical Practice

Law360 (February 12, 2020, 5:12 PM EST) -- Medical practices close or change hands to new ownership for a wide variety of reasons, including physician retirement, relocation, illness and death. Regardless of the cause, it is critical that a physician winding down or transitioning practice operations do so in a disciplined manner, following a process that ensures patients’ continuity of care and access to their medical records.

Failure to implement process discipline in the closing or selling of a medical practice could unnecessarily create a risk of regulatory, litigation or even criminal issues. These risks have become more stark in the present environment of heightened law enforcement scrutiny of...

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