Healthcare’s Biggest Winners, Losers From The FTC’s Non-Compete Ban

With a single ruling, the Federal Trade Commission removed the nation’s occupational handcuffs, freeing almost all U.S. workers from, affecting not only new hires but also the 30 million Americans currently tethered to non-compete agreements. Scheduled to take effect in September—subject to the outcome of legal challenges by the U.S. Chamber of Commerce and other business groups—the ruling will dismantle longstanding barriers that have kept healthcare professionals from changing jobs.

But when these clinicians realize their job is falling short of the promises made early on, they face a tough decision: either endure subpar working conditions or uproot their lives. Moving 10, 20 or even 50 miles away is the only option to avoid breaching a non-compete clause.to its ruling, the FTC published testimonials from dozens of healthcare professionals whose lives and careers were harmed by these clauses.

Once freed from restrictive non-compete clauses, many clinician will practice elsewhere within the community. To attract patients, they will have to offer greater access, lower prices and more personalized service. Others with the freedom to choose will join outpatient centers that offer convenient and efficient alternatives for diagnostic tests, surgery and urgent medical care, often at a fraction of the cost of traditional hospital services.

Nowadays, outpatient services account for about half of all hospital revenue. These range from physician consultations to specialized procedures like radiological and cardiac diagnostics, chemotherapy and surgeries.

Source: Healthcare Press (healthcarepress.net)

Zack Cooper Ftc Healthcare Noncompete Non-Compete Chamber Of Commerce American Hospital Association

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