A record-retention program can protect group practices.
Group practices can benefit from having a systematic record-retention program that includes a formal record-retention policy. While state and Federal laws require the retention of some types of business records, many other records should be retained in the event of an audit or litigation. Having a record-retention program in place can help group practices respond cost-effectively and efficiently when called upon to produce documentation. The record-retention program should include a policy that stipulates not only which records should be kept but also for how long. Group practices should retain records relating to patient care, taxes, payroll, and contracts.
Stewart
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Gorsuch Kirgis LLP, Denver, CO, USA.
D003362:Cost-Benefit Analysis; D004282:Documentation; D005568:Forms and Records Control; D006123:Group Practice / Q000331:legislation & jurisprudence / Q000458:organization & administration*; D019451:Information Management; D016247:Information Storage and Retrieval / Q000191:economics; D008330:Management Audit; D016134:Organizational Policy; D012456:Salaries and Fringe Benefits; D014481:United States