Amends TCA Title 63 and Title 68.
Tennessee SB0852 amends the Tennessee Code Annotated by increasing the period from 10 to 30 business days that must be included in non-compete agreements between employing entities and physicians regarding the timeframe for determining fair market value during the repurchase of a practice. This bill affects physicians and their employing entities by altering the conditions under which physicians can remove practice restrictions after a sale. A key provision of the bill is the extension of the negotiation period for fair market value, allowing physicians to regain the ability to practice if no agreement is reached within the specified timeframe.
Tennessee SB0852 amends the Tennessee Code Annotated by increasing the period from 10 to 30 business days that must be included in non-compete agreements between employing entities and physicians regarding the timeframe for determining fair market value during the repurchase of a practice. This bill affects physicians and their employing entities by altering the conditions under which physicians can remove practice restrictions after a sale. A key provision of the bill is the extension of the negotiation period for fair market value, allowing physicians to regain the ability to practice if no agreement is reached within the specified timeframe.
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