The Federal Trade Commission voted to ban noncompete agreements on Tuesday, obviating the restrictive agreements that lock in physicians — and the patients they treat — with their existing employer. With the 3-2 vote, FTC commissioners have finalized a rule proposed in January 2023 to prevent employers from enforcing noncompetes, after finding the practice is exploitative, suppresses wages and blocks new businesses from being created. The ban has far-reaching consequences for a number of sectors, including healthcare, an industry that frequently relies on noncompetes, especially as a growing number of doctors are employed by hospitals and other corporations.
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Source: https://www.healthcaredive.com/news/ftc-noncompete-ban-healthcare-doctor-effects/713846/