Chief Healthcare Executive May 4, 2024
The potential elimination of non-compete agreements could add to labor costs, but it also could boost the pool of talent, Fitch says.
The Federal Trade Commission has moved to eliminate non-compete agreements, and Fitch Ratings says the rule could pose more staffing challenges for nonprofit hospitals.
The FTC announced the final rule last week, much to the chagrin of hospitals and health systems. Hospitals have said the rule would make it more difficult to retain clinicians, and they contend the commission lacks the authority for such a wide-sweeping change. The rule is facing legal challenges and some analysts say it may not survive court battles.
Fitch projects that the elimination of non-compete agreements would potentially lead to higher wages at...
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