Closing a Medical Practice inIndiana
Estimated timeline: 60-90 days. This guide covers the key regulatory requirements for closing a medical practice in Indiana.
Key Requirements for Indiana
Patient Notification Requirements
Indiana requires at least 30 days written notice to active patients and a published notice in a local newspaper.
Required Notification Methods
Medical Records Retention
Indiana requires retention of medical records for 7 years from the last date of service. Minor records must be retained until age 18 plus 7 years.
Indiana Medical Licensing Board
The Medical Licensing Board must be notified of the closure under the Indiana Professional Licensing Agency.
DEA Requirements
Surrender DEA registration and Indiana controlled substance registration (CSR). Contact the Indiana Board of Pharmacy for disposal procedures.
Entity Dissolution
File Articles of Dissolution with the Indiana Secretary of State. File final tax returns with the Department of Revenue.
Estimated Timeline: 60-90 days
This timeline is an estimate based on Indiana'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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