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Succeeding with succession at the top

Over the past decade, hospital CEO turnover has ranged between 14 and 18 percent per year. According to a study by the American College of Healthcare Executives, the median tenure for a hospital CEO is 3.6 years. Transitions in leadership can be the result of either expected departures, such as retirement, or unexpected departures, such as resignations or sudden terminations. Having an adequate succession plan is key to ensuring a smooth leadership transition. The following resources provide interesting insights on hospital CEO succession planning.

Sources:

Posted by the American Hospital Association Resource Center, rc@aha.org, (312) 422-2050.

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