Closing a Medical Practice inMaine
Estimated timeline: 60-90 days. This guide covers the key regulatory requirements for closing a medical practice in Maine.
Key Requirements for Maine
Patient Notification Requirements
Maine requires reasonable notice to patients, generally at least 30 days. Written notification to active patients and a published notice in local media are recommended.
Required Notification Methods
Medical Records Retention
Records must be retained for at least 7 years from the last date of treatment. Minor records should be kept until age 18 plus 7 years.
Maine Board of Licensure in Medicine
Physicians must notify the Board of Licensure in Medicine of their intent to close the practice and provide a plan for medical records management.
DEA Requirements
Surrender DEA registration or transfer. Dispose of controlled substances per DEA guidelines. Return unused order forms.
Entity Dissolution
File Articles of Dissolution with the Maine Secretary of State. Submit final state tax returns. Cancel professional licenses.
Estimated Timeline: 60-90 days
This timeline is an estimate based on Maine'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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