Hospital CEO turnover rate increases in 2009
Hospital CEO turnover increased in 2009, tracking at 18 percent in the U.S., up from 14 percent in 2008, according to the American College of Healthcare Executives (ACHE). The college said that the increase makes it the highest turnover rate since 1999 and only the fourth time the turnover rate has reached this level since tracking began in 1981.
“While there are many factors in play, I believe the primary driver for this increase in CEO turnover is the retirement of healthcare leaders in the baby boomer generation,” said Thomas C. Dolan, PhD, president and CEO of the ACHE. “These findings underscore the need for healthcare organizations to have good succession planning in place to ensure organizational success when changes in senior leadership occur.”
The complete findings of the report can be found here.
The ACHE said the CEO turnover reports are based on changes in an organization’s CEO as reported to the American Hospital Association.
“While there are many factors in play, I believe the primary driver for this increase in CEO turnover is the retirement of healthcare leaders in the baby boomer generation,” said Thomas C. Dolan, PhD, president and CEO of the ACHE. “These findings underscore the need for healthcare organizations to have good succession planning in place to ensure organizational success when changes in senior leadership occur.”
The complete findings of the report can be found here.
The ACHE said the CEO turnover reports are based on changes in an organization’s CEO as reported to the American Hospital Association.