Anesthesia Deconstructed: Science. Policy. Realities.

FTC Update With Simon Willman, JD and What It Means for Anesthesia Providers

Season 6 Episode 10

Episode Summary: In this episode, Joe Rodriguez welcomes back Simon Willman, Esq., former in-house counsel for one of the largest orthopedic groups in the country. They discuss the Federal Trade Commission's recent vote to ban non-compete agreements and its implications for healthcare professionals and practice owners.

Key Topics Covered:

Pre-Session: State-Level Updates from Louisiana, Maryland, and Pennsylvania 

  1. Introduction:
    • Welcome and introduction of Simon Willman, Esq.
    • Background on Simon's experience with Health Outcomes Performance Company and Core Orthopedics.
  2. FTC's Vote to Ban Non-Competes:
    • Overview of the FTC's recent vote to ban non-compete agreements.
    • The timeline for the ban going into effect (120 days post-publication).
    • Legal challenges from the U.S. Chamber of Commerce, the Business Roundtable, the Texas Association of Business, and the Longview Chamber of Commerce.
  3. Implications for Healthcare Professionals:
    • Simon's insights on how the ban might affect providers and practice owners.
    • Potential benefits for healthcare providers who can move freely between employers.
    • Concerns for business owners regarding the impact on enterprise value and capital investments.
  4. Details of the FTC's Final Rule:
    • Summary of the key points of the final rule.
    • Explanation of the difference between non-compete and non-solicitation agreements.
    • Potential legal interpretations and challenges ahead.
  5. Non-Competes vs. Non-Solicitation:
    • Breakdown of how non-solicitation agreements differ from non-competes.
    • Discussion on whether non-solicitation agreements might serve as a backdoor to enforce non-competes.
  6. Legal Considerations and Advice:
    • Practical advice for healthcare providers dealing with non-competes.
    • The importance of understanding the legal landscape and potential court interpretations.
    • The potential costs and implications of legal challenges.
  7. Federal vs. State Jurisdiction:
    • Explanation of how the jurisdiction might shift from state to federal courts.
    • The impact of this shift on enforcement and legal proceedings.
  8. Sale of Business Exception:
    • Discussion on the exception for bona fide sales of businesses.
    • How this exception might apply to equity owners and business transactions.
  9. Final Thoughts and Advice:
    • Simon's final comments on the significance of the FTC's rule.
    • Advice for healthcare providers and practice owners navigating this evolving legal environment.
  10. Outro:
    • Joe and Simon wrap up the discussion.
    • Teaser for the next episode.

Key Quotes:

  • "If I'm in your audience's shoes as providers and as practice owners, I think this is significant and I don't think this is just pure speculation." - Simon Willman
  • "Everyone should have a right to earn a living, I think." - Joe Rodriguez

Resources Mentioned:

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