Closing a Medical Practice inNew Jersey
Estimated timeline: 60-90 days. This guide covers the key regulatory requirements for closing a medical practice in New Jersey.
Key Requirements for New Jersey
Patient Notification Requirements
New Jersey requires written notification to patients at least 30 days before closure. Notice must also be published in a newspaper of general circulation and posted in the office.
Required Notification Methods
Medical Records Retention
Medical records must be retained for at least 7 years from the date of last entry. Minor records must be kept until age 18 plus 7 years.
New Jersey State Board of Medical Examiners
The Board of Medical Examiners must be notified of the closure. Physicians must file a plan for records storage and patient notification.
DEA Requirements
Surrender NJ CDS registration in addition to federal DEA registration. Dispose of controlled substances per NJ Division of Consumer Affairs guidelines.
Entity Dissolution
File a Certificate of Dissolution with the NJ Division of Revenue and Enterprise Services. File final NJ tax returns.
Estimated Timeline: 60-90 days
This timeline is an estimate based on New Jersey'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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