Hospital chief executive officer turnover increased in 2013 to 20 percent, according to a recent report from the American College of Healthcare Executives. This is the highest rate reported since ACHE began analyzing these numbers in 1981. In 2012, the turnover rate was 17 percent; and in 2011 and 2010, it was 16 percent. The annual rate fluctuated between 14 and 18 percent in the decade prior to 2013. States with 30 or more CEO turnovers are Alaska, Oklahoma, Arkansas and the Commonwealth of Puerto Rico. Only Vermont and Rhode Island had no CEO turnovers in 2013.
Deborah J. Bowen, president and CEO of ACHE, suggested that a combination of factors contribute to the higher turnover rate, including an increased number of baby boomers seeking retirement, industry consolidation and the amount of change occurring in health care today. She also advised health care leaders and boards to work together on succession plans.
For more, go to www.ache.org.