Closing a Medical Practice inMississippi
Estimated timeline: 60-90 days. This guide covers the key regulatory requirements for closing a medical practice in Mississippi.
Key Requirements for Mississippi
Patient Notification Requirements
Mississippi requires reasonable notice to patients, with 30 days being the standard minimum. Direct written notice and public publication are expected.
Required Notification Methods
Medical Records Retention
Records should be retained for at least 7 years from the last date of service. Minor records should be kept until age 21 plus 7 years.
Mississippi State Board of Medical Licensure
Physicians must notify the State Board of Medical Licensure about the closure and records disposition plan.
DEA Requirements
Surrender DEA registration and Mississippi Bureau of Narcotics controlled substance registration. Properly dispose of all controlled substances.
Entity Dissolution
File a Certificate of Dissolution with the Mississippi Secretary of State. File final tax returns with the Department of Revenue.
Estimated Timeline: 60-90 days
This timeline is an estimate based on Mississippi'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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