On January 5, 2023, the Federal Trade Commission (FTC) issued a proposed rule that would prohibit employers from using noncompete agreements with their employees or independent contractors. Noncompete agreements are prevalent in the physician practice industry, as stakeholders have long recognized the importance of noncompetes as a tool for physician alignment. Physician employers, such as physician practices and physician practice management companies, may be significantly impacted if the proposed rule is adopted, and should consider submitting comments to the FTC on this important issue.
Read the full article: PPMs, Take Note: FTC Proposed Rule Banning Noncompetes May Have Significant Industry Impact //
Source: https://www.lexology.com/library/detail.aspx?g=d11abb95-480a-4051-bb3e-8101e2c64180