Closing a Medical Practice inSouth Dakota
Estimated timeline: 60-90 days. This guide covers the key regulatory requirements for closing a medical practice in South Dakota.
Key Requirements for South Dakota
Patient Notification Requirements
South Dakota requires reasonable notice to patients, typically at least 30 days. Written notice to active patients is expected.
Required Notification Methods
Medical Records Retention
South Dakota requires retention of medical records for 10 years from the last date of treatment. Minor records should be retained until age 18 plus 10 years.
South Dakota Board of Medical and Osteopathic Examiners
The Board of Medical and Osteopathic Examiners must be notified of the closure.
DEA Requirements
Surrender DEA registration and South Dakota Board of Pharmacy controlled substance registration.
Entity Dissolution
File Articles of Dissolution with the South Dakota Secretary of State. File final tax returns.
Estimated Timeline: 60-90 days
This timeline is an estimate based on South Dakota'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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