The current state of medical practice has many reasons for physicians to leave practice. Increasing corporate control and the focus on volume over value are just some of them. Four out of every five physicians will either cut back on hours or retire, or switch to concierge medicine to maintain their balance. These factors may all contribute to physician burnout. However, there are many steps physicians can take to make their current practice more rewarding. Read on to learn more about the reasons physicians leave practice.
The first step when physicians leave practice is to write a letter. It should inform current and former patients about the change in their care. Ensure that your letter is written in a legible font, is only one page long, and is not filled with technical terms. Make sure to break your letter into short paragraphs, and use a letterhead and authentic signature. When sending out a letter, keep in mind that a physician may be under pressure from the medical society to continue seeing patients.
Another important step to take when a physician decides to leave practice is to clarify the ownership of his or her medical records. If the contract allows it, the practice should stipulate it. In most states, the medical records belong to the practice, while others are transferred to the physician. Most departing physicians want to extend their reporting period to ensure they can file claims even after the policy is terminated. A deferred compensation agreement will allow doctors to transfer their medical records to another practice without worrying about the loss of their income.
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