Because closing a practice takes more than turning out the lights and shutting the door, this comprehensive and easy-to-understand text offers practical advice on everything from establishing a timetable and handling medical records to fulfilling legal obligations and closing financial books. Designed to address scenarios that are unique to medical practices, it includes sample letters, forms, and checklists to make for a smooth, efficient, and problem-free transition.

Is Your Practice Prepared to Be Closed Due to Emergency, Disaster, Illness, Death, or Retirement? Private Practice Preparedness. Health care professionals are so busy caring for others that tending to the business aspects of their practice is a challenge. Despite emergency planning being an ethical requirement, it is often overlooked. Without it, those left to pick up the pieces are directionless. Details like contacting patients, billing for work, or accessing Electronic Health Records and other computer systems can significantly hamper closure. With proper planning and organization, greater crisis can be avoided. Private Practice Preparedness: The Health Care Professional's Guide to Closing a Practice Due to Retirement, Death, or Disability provides the information and tools to ensure a smooth transition of care. Beyond the scope of a personal or professional will, Wheeler and Reinhardt share information, as well as tools to collect and organize such materials. In-depth descriptions of the roles of the Emergency Response Team for closing a practice, their duties, and templates to assist in carrying them out are included. All tools needed for anyone in private practice to respond to an emergency thoroughly and quickly are laid out in this book. The true power of this book likes in the downloadable templates ncluded in the purchase. These templates, also included in the book, help you collect and organize important information needed for someone else to run your practice. Tying all of this information together is the Step-By-Step Guide to Closing a Practice. This guide can be used to efficiently locate all information required to run, and close, your practice, if necessary. The templates provided are useful in an emergency, and also: Locating important information on a daily basis Training new employees Planning in advance for retirement and/or sale of the practice Topics discussed include: Identifying people to be on your Emergency Response Team The concerns around selecting a loved one as the responsible party taking over practice operations Handling the transfer of records, both paper and electronic HIPAA/HITECH Billing and financial records Computer and Software considerations Other points of consideration Once you've purchased and registered the book, you will have access to the following templates, which are customizable for your practice: Templates for Closing A Private Practice including Records Custodian AgreementPractice Reference - A record of all important information about the practice Records Custodian Agreement Sample Retirement Notice Sample Closure Notice Sample Telephone Message Computer & Software Inventory Step-by-Step Guide to Closing a Practice

This book is a valuable resource for information on things to consider before and during the process of buying, selling, closing, and merging a law practice. The guide provides advice and tips on: the advantages of buying and selling a law practice; the ethical aspects of acquiring a law practice; valuation of a law firm; tax consequences of retiring a partner's interest in a law firm taxed as a partnership; merging law firms; selling a niche practice; business responsibilities in closing a law practice; the ethical aspects of winding down a law practice; file preservation; and ending client and employee relationships. The guide includes handy checklists, forms, and sample letters as well as several Rules from the ABA's Model Rules of Professional Conduct.