From Modern Healthcare (link: https://www.modernhealthcare.com/providers/ftc-noncompete-ban-rural-physicians-fitch):
The federal noncompete ban may squeeze rural nonprofit hospitals that continue to see labor costs rise, a new report shows.
Last week, the Federal Trade Commission voted to finalize a rule preventing most employers from enforcing or issuing contracts that restrict employees from working for a competitor.
A noncompete ban will allow hospitals to recruit a broader range of workers. But it is poised to continue to boost wages as the labor market becomes more competitive, analysts from the credit rating agency Fitch Ratings said in a report issued Thursday.
Larger hospitals are more likely to have the financial flexibility to offer clinicians and staff higher wages, likely at the expense of smaller, rural hospitals, Fitch Senior Director Kevin Holloran said.
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