Closing a Medical Practice inIowa
Estimated timeline: 60-90 days. This guide covers the key regulatory requirements for closing a medical practice in Iowa.
Key Requirements for Iowa
Patient Notification Requirements
Iowa requires reasonable notice to active patients, generally at least 30 days. Written notification and public notice are expected.
Required Notification Methods
Medical Records Retention
Iowa requires retention of medical records for at least 7 years from the last date of service. Minor records must be retained until age 18 plus 7 years.
Iowa Board of Medicine
The Iowa Board of Medicine must be notified of the practice closure with a records management plan.
DEA Requirements
Surrender DEA registration and Iowa Board of Pharmacy controlled substance registration.
Entity Dissolution
File Articles of Dissolution with the Iowa Secretary of State. File final tax returns with the Iowa Department of Revenue.
Estimated Timeline: 60-90 days
This timeline is an estimate based on Iowa'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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