JMintzer |
11-17-2024 11:18 AM |
Quote:
Originally Posted by asianthree
(Post 2386973)
Standard practice, a physician, sells their practice, part of that agreement is transfer of the patient’s and all medical files. Usually a clause staff and physician will not disclose sale to patients. Otherwise selling an office space without practice wouldn’t command any $$”. New or recently relocated physician can start seeing patients on the books immediately. I have actually witnessed same Sale, when Father retires, and Son buys the practice. Patients informed at visit “Dad retired I have taken over as your physician” Most patients will stay with that passed on practice, mainly due to loyalty and age.
Then said patients upon first visit can meet with new physician, and owner of practice. If patient is unhappy with new physician/owner, one can request medical records and look for a new physician.
If a physician chooses to retire and doesn’t or can’t sell practice, a letter is sent to patients informing of the closing of practice. With specific instructions on where to acquire medical records.
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I sold my practice at the beginning of the year. There is a clause in the contract that states "I AM RESPONSIBLE" for informing my existing patients about the sale and the transfer of records... I have been personally telling my patients of the impending changes for the last 5-6 months. Although my contract officially ends 12/31/2024, the new owner has asked me to stay a bit longer to help with the transition. I agreed, with the stipulation that I will take off X-Mas thru New Years, all of February and part of March. I'll be back to work mid-March thru April, and then we will re-visit my permanent exit...
Now, when a child joins an existing practice (as I did almost 40 years ago, not the practice I sold), my father had no intention of retiring any time soon and I was simple introduced as "my son, who is joining the practice"... The patients had a choice as to whom they wanted to see.
I stayed with him for 5-6 years, during which time I opened a 2nd practice (very close to my home) and bought out the practice where I've spent the last 38.5 years.
After I moved again, I sole the 2nd practice (which I had started from scratch) and slowly eased put of my father's practice, and let him sell it to someone else (as I didn't have the time to properly service the practice and the sale added to HIS retirement)...
Legally, the medical files belong to THE PATIENT. The physician is simply a custodian of those files. He/she must retain those files for 5 years (or 5 years past a child's 18th birthday. In some States it's only until they are 21, or for 5 years, whichever is later..
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