Closing a Medical Practice inKentucky
Estimated timeline: 60-90 days. This guide covers the key regulatory requirements for closing a medical practice in Kentucky.
Key Requirements for Kentucky
Patient Notification Requirements
Kentucky requires reasonable notice to patients, with 30 days being the standard. Written notice to active patients and a published notice are expected.
Required Notification Methods
Medical Records Retention
Kentucky requires medical records to be retained for at least 5 years from the last date of treatment. Minor records should be kept until age 18 plus 5 years.
Kentucky Board of Medical Licensure
Physicians must notify the Kentucky Board of Medical Licensure of the closure and provide a records management plan.
DEA Requirements
Surrender DEA registration and Kentucky controlled substance license. Contact the Kentucky Cabinet for Health and Family Services for disposal procedures.
Entity Dissolution
File Articles of Dissolution with the Kentucky Secretary of State. File final tax returns.
Estimated Timeline: 60-90 days
This timeline is an estimate based on Kentucky'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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