Closing a Medical Practice inArkansas
Estimated timeline: 60-90 days. This guide covers the key regulatory requirements for closing a medical practice in Arkansas.
Key Requirements for Arkansas
Patient Notification Requirements
Arkansas requires reasonable notice to active patients, with at least 30 days being the standard expectation.
Required Notification Methods
Medical Records Retention
Arkansas requires retention of medical records for 10 years from the date of last treatment. Minor records must be retained until age 18 plus 10 years.
Arkansas State Medical Board
Notify the Arkansas State Medical Board in writing of the practice closure along with a plan for records disposition.
DEA Requirements
Surrender DEA registration. Dispose of controlled substances through authorized channels. Contact the Arkansas Department of Health for state-specific requirements.
Entity Dissolution
File Articles of Dissolution with the Arkansas Secretary of State. File final state tax returns.
Estimated Timeline: 60-90 days
This timeline is an estimate based on Arkansas's regulatory requirements. Your actual timeline may vary based on practice size, number of insurance panels, outstanding AR, and whether bankruptcy proceedings are involved. Brad can provide a precise estimate for your specific situation.
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