Hospital CEO Turnover and Succession Planning by: Eric T. Schulze, CERM
Please consider sharing this brief article with your governing board or leadership team.
"Elevated turnover among hospital CEOs seems to be a feature of the current healthcare environment," says Deborah J. Bowen, president and CEO of the American College of Healthcare Executives.
Leadership turnover is a known risk; thus, you should have it in your risk management program.
Healthcare leadership is under a tremendous amount of pressure to navigate all the changes and uncertainties that have become a constant in healthcare. A simple job description for a CEO is to communicate the vision, mission, and values of the organization while aligning the culture to the strategy. This is not an easy task and certainly not a comprehensive description for this difficult position.
The 2015 CEO turnover average is 18% with some states as high as 30%. That is less than the record high of 20 percent in 2013 and still among the highest rates reported in the past two decades. (American College of Healthcare Executives)
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