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FTC Update With Simon Willman, JD and What It Means for Anesthesia Providers
Manage episode 425568124 series 2970897
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
- Introduction:
- Welcome and introduction of Simon Willman, Esq.
- Background on Simon's experience with Health Outcomes Performance Company and Core Orthopedics.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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
Resour
The Growth GearExplore business growth and success strategies with Tim Jordan on 'The Growth Gear.
Listen on: Apple Podcasts Spotify
Chapters
1. FTC Update With Simon Willman, JD and What It Means for Anesthesia Providers (00:00:00)
2. [Ad] The Growth Gear (00:15:59)
3. (Cont.) FTC Update With Simon Willman, JD and What It Means for Anesthesia Providers (00:16:37)
49 episodes
Manage episode 425568124 series 2970897
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
- Introduction:
- Welcome and introduction of Simon Willman, Esq.
- Background on Simon's experience with Health Outcomes Performance Company and Core Orthopedics.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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
Resour
The Growth GearExplore business growth and success strategies with Tim Jordan on 'The Growth Gear.
Listen on: Apple Podcasts Spotify
Chapters
1. FTC Update With Simon Willman, JD and What It Means for Anesthesia Providers (00:00:00)
2. [Ad] The Growth Gear (00:15:59)
3. (Cont.) FTC Update With Simon Willman, JD and What It Means for Anesthesia Providers (00:16:37)
49 episodes
All episodes
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