American Dental Association’s “Guide to Closing a Dental Practice”October 5, 2011 | Business, Filing Disability Claims, Resources
For dentists and other healthcare professionals considering filing a disability insurance claim, the decision to close a practice can be heart-wrenching and complex. The American Dental Association has published a guide that gives an overview of the issues and some helpful tips for starting the process.
The guide can be viewed in full at the ADA’s website at this link: http://www.ada.org/sections/professionalResources/pdfs/topics_disability_closingpractice.pdf
Among its recommendations is to seek competent professional advice before beginning the process: “Dentists and others considering closing a practice should always seek professional advice. Advisors could include an attorney, accountant or dental practice valuator…It is always a good idea for a dentist to make plans in advance for the sale or closing of the dental practice due to their disability.”
Practice transitions can be complicated, especially for a dentist or doctor simultaneously facing a debilitating medical condition. You may face issues such as regulatory compliance, personnel and human resources concerns, state licensing, disciplinary actions, independent contractor and/or managed care agreements, and collections. Healthcare professionals considering a practice sale or closure due to disability should always seek an attorney with experience in the field to counsel on the timing and structure of the transition.
The disability insurance attorneys at Comitz | Beethe provide legal representation to protect the disability benefits of medical and dental professionals nationwide and throughout metropolitan Phoenix, Scottsdale, Tucson, Flagstaff and Yuma. We provide disability income claim advice, assistance with filing disability claims, including completion of disability claim forms and representation in disability insurance litigation.