In our global economy, businesses like yours depend on materials, products, and parts that come from many different countries. The supply chain works smoothly most of the time, but it can be shaken up by unexpected events. Tariffs are one such challenge.

Many businesses are asking the same question: how can we attract and keep good employees when the competition is so tough? The good news is that there are several strategies that can help. By improving pay, benefits, flexibility, and company culture, businesses can become places where employees want to stay and grow.

The medical field is changing fast. Hospitals and large health systems are growing bigger and more private practices are being bought out. As a result, many doctors and healthcare providers worry about losing their independence, not just in how they treat patients, but in how they manage their money and careers.

For many businesses in Ohio and across the country, the cost of doing business is going up. Prices for materials, supplies, rent, and even electricity are all rising. When operational costs go up, it can be harder for small businesses to make a profit.

Throughout the country, businesses are having a hard time finding enough workers. This is called a labor shortage, and it can make it tough for companies to grow. Without enough employees, businesses may not be able to serve all their customers or take on new projects.

Ohio’s healthcare industry is undergoing significant changes, with independent medical practices facing increasing pressure from larger healthcare systems. As consolidation trends continue, independent providers must navigate challenges such as rising operational costs, shifting reimbursement models, and competition from hospital-affiliated networks. At First Citizens National Bank, we recognize the financial strain this shift places on independent practices and offer solutions to help them remain competitive.