Physicians and Surgeons - As introduced, increases from 10 to 30 business days, the period of time that must be included in a non-compete agreement between an employing entity and a physician regarding the time after which, if no agreement on the fair market value of the practice can be determined when an attempt to repurchase the practice is made, the physician may remove any restrictions on the physician’s ability to practice by tendering the amount that was paid to the physician for the sale of the practice. - Amends TCA Title 63 and Title 68.

HB 1206 amends Tennessee law (Title 63 and Title 68) to extend the timeframe for physicians in non-compete agreements. Specifically, it increases the period from 10 to 30 business days during which a physician can remove practice restrictions by tendering the amount paid for their practice sale if the employer and physician cannot agree on the practice's fair market value. This change directly affects physicians employed by healthcare entities in Tennessee who have non-compete agreements. The bill modifies Section 63-6-204(f)(2)(A)(iv) to provide physicians more time to resolve valuation disputes without being restricted from practicing.