Closing a Medical Practice inNew York
Estimated timeline: 90-120 days. This guide covers the key regulatory requirements for closing a medical practice in New York.
Key Requirements for New York
Patient Notification Requirements
New York requires at least 30 days written notice to all active patients. The notice must include information about how to obtain records and where records will be stored.
Required Notification Methods
Medical Records Retention
New York requires retention of medical records for at least 6 years from the date of last treatment. For minors, records must be kept for 6 years or until 3 years after age 18, whichever is longer.
New York State Education Department, Office of the Professions
Physicians must notify the Office of the Professions. New York has specific requirements overseen by the State Education Department rather than a traditional medical board.
DEA Requirements
Surrender federal DEA registration and New York State controlled substance license (CSL). Contact the Bureau of Narcotic Enforcement for state-specific disposal procedures.
Entity Dissolution
File a Certificate of Dissolution with the New York Department of State, Division of Corporations. File final state and city tax returns.
Estimated Timeline: 90-120 days
This timeline is an estimate based on New York'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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