LEGAL AND REGULATORY CONSIDERATIONS IN SELLING OR CLOSING YOUR PRACTICE

By Adrienne Hersh, JD, ICS Legal Counsel · October 10, 202312 min read

"Closed" sign — LEGAL AND REGULATORY CONSIDERATIONS IN SELLING OR CLOSING YOUR PRACTICE

Summarize this article with Paxson

What Should I Do With My License?
Notify Patients - Continuity of Care and Treatment Records
Notify Employees
Notify Third-Party Payers
Insurance Issues
Who Is Responsible When the Physician Owner Dies?
Patient Records Should Be Safely Stored In Any Event

Selling or closing a healthcare practice is a major business and life transition that can trigger a host of emotions. Whether leaving a practice due to retirement or a desire to work under a different practice structure, knowing the legal requirements will allow you to enter the “next phase” with peace of mind.

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About the Author

Adrienne Hersh, JD, ICS Legal Counsel

Adrienne serves as Illinois Chiropractic Society general counsel and provides legal advice and support on a wide range of legal issues affecting chiropractic physicians, including licensing and other health care regulations, scope of practice, insurance and reimbursement, business structuring, labor and employment, contracts, and litigation. Adrienne previously served for 8 years as general counsel to the Illinois Department of Professional Regulation (now the Division of Professional Regulation, Department of Financial and Professional Regulation), where she was chief legal counsel responsible for overseeing all legal issues and advising the 50+ licensing and disciplinary boards, including the Medical Disciplinary Board and the Medical Licensing Board. She is a member of the Illinois State Bar Association Health Care Section, the Illinois Association of Healthcare Attorneys, and the National Association of Chiropractic Attorneys.