Retirement from Medical Practice
When it comes time to hang up the stethoscope, there is far more to consider than simply where to hold your farewell party. Your retirement gives rise to certain obligations regarding your practice, in particular the patients who depend upon you for ongoing treatment and advice.
Your retirement may be relatively straight forward, if for instance you are leaving a practice that will continue to treat your patients following your retirement. On the other hand, if your practice is closing completely, this raises more complicated issues about where your patients will obtain alternate treatment, and what is to become of your medical records and the staff you employ.
Planning ahead will help you avoid potential problems for you and your patients, and will reduce the potential for medico-legal exposure resulting from unmet obligations.
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