Closing a Medical Practice inFlorida
Estimated timeline: 60-90 days. This guide covers the key regulatory requirements for closing a medical practice in Florida.
Key Requirements for Florida
Patient Notification Requirements
Florida Statute 64B8-10.001 requires physicians to notify patients seen within the last 3 years by direct mail at least 30 days before closure. A published notice must run in a local newspaper for at least 2 consecutive weeks.
Required Notification Methods
Medical Records Retention
Florida requires medical records be retained for 5 years from the last patient contact. For minors, records must be kept until the patient reaches age 18 plus 5 years.
Florida Board of Medicine
The Florida Board of Medicine must be notified. Physicians must provide the Board with the name and address of the custodian who will maintain patient records.
DEA Requirements
Surrender DEA registration and Florida controlled substance registration. Contact the Florida Department of Health for state-specific controlled substance disposal protocols.
Entity Dissolution
File Articles of Dissolution with the Florida Division of Corporations. File final returns with the Department of Revenue. Cancel Sunbiz registration.
Estimated Timeline: 60-90 days
This timeline is an estimate based on Florida'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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