Closing a Medical Practice inIllinois
Estimated timeline: 90-120 days. This guide covers the key regulatory requirements for closing a medical practice in Illinois.
Key Requirements for Illinois
Patient Notification Requirements
Illinois requires at least 30 days written notice to active patients. A notice must be published in a newspaper of general circulation in the area served by the practice.
Required Notification Methods
Medical Records Retention
Illinois Medical Patient Rights Act requires records be retained for at least 10 years from the last date of service. Minor records must be kept until age 18 plus 10 years.
Illinois Department of Financial and Professional Regulation (IDFPR)
IDFPR must be notified of the practice closure. Illinois uses a department-based regulation model rather than an independent medical board.
DEA Requirements
Surrender DEA registration and Illinois controlled substance license. Contact the Illinois Department of Financial and Professional Regulation for state-specific requirements.
Entity Dissolution
File Articles of Dissolution with the Illinois Secretary of State. File final tax returns with the Illinois Department of Revenue.
Estimated Timeline: 90-120 days
This timeline is an estimate based on Illinois'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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