Speaker provided by ChiroHealth USA.
Just as opening a practice by hanging a shingle outside the front door is a myth, so is closing a practice by taking down the shingle. PPO contracts, state and federal requirements, staff issues, and of course, patient care must be taken into consideration. Dr. Mario Fucinari, a Certified Professional Compliance Officer and a Certified Physician Practice Manager, will take you through considerations in the closing of your practice. • Protecting your legacy • Avoid mistakes in selling your practice • Consider the pros and cons of selling to an employee or partner • Transitioning into retirement • Dealing with the death or disability of the physician • Healthcare regulatory considerations • Navigating the regulatory environment (Stark Law and Anti-Kickback Statute) • Malpractice tail coverage • Calculating the practice metrics and assets • Accounts receivables considerations • Your exit strategy • Key strategies to ensure a good fit • Practice and Personal Goodwill • Notifying Employees and patients of the practice selling or closing