Closing a Medical Practice inMinnesota
Estimated timeline: 60-90 days. This guide covers the key regulatory requirements for closing a medical practice in Minnesota.
Key Requirements for Minnesota
Patient Notification Requirements
Minnesota Board of Medical Practice requires at least 30 days written notice to active patients and a published notice in a newspaper of general circulation.
Required Notification Methods
Medical Records Retention
Minnesota requires retention of medical records for at least 7 years from the last date of service. Minor records must be kept until age 18 plus 7 years.
Minnesota Board of Medical Practice
The Board of Medical Practice must be notified of the closure. Minnesota has specific statutory requirements for practice closure under Minnesota Statutes.
DEA Requirements
Surrender DEA registration and Minnesota Board of Pharmacy controlled substance registration. Follow state disposal guidelines.
Entity Dissolution
File Articles of Dissolution with the Minnesota Secretary of State. File final tax returns with the Department of Revenue.
Estimated Timeline: 60-90 days
This timeline is an estimate based on Minnesota'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.
Get My Personalized TimelineReady to Close Your Minnesota PracticeWith Confidence?
Schedule a free consultation. Brad will build you a personalized closure plan based on Minnesota's specific requirements.