| For
immediate release
HOSPITAL
CEO TURNOVER INCREASES SLIGHTLY
CHICAGO,
April 18, 2005—Hospital CEO turnover increased
slightly in 2004, tracking 16 percent nationwide, up from
14 percent in 2003. Turnover in 2002 was also 14 percent.
“While
the increase in CEO turnover is small, we still believe turnover
overall is too high,” says Thomas C. Dolan, Ph.D., FACHE,
CAE, president and chief executive officer of the American
College of Healthcare Executives. “Through a variety
of efforts targeted at CEOs and trustees, ACHE is working
to reduce turnover every year,” Dolan adds.
The American
College of Healthcare Executives first started tracking the
rate of CEO turnover in 1980. The reports are based on changes
in an organization’s chief executive officer as reported
to the American Hospital Association.
Annual
CEO Turnover Rates for Non-Federal, General Medical/Surgical, Short-Term
Hospitals
|
Calendar
Year
|
Qualifying
Hospitals
|
CEO
Turnover Rate*
|
|
1996
|
4,928
|
16%
|
|
1997
|
4,842
|
16%
|
|
1998
|
4,780
|
17%
|
|
1999
|
4,744
|
18%
|
|
2000
|
4,689
|
17%
|
|
2001
|
4,624
|
15%
|
|
2002
|
4,602
|
14%
|
|
2003
|
4,569
|
14%
|
|
2004
|
4,566
|
16%
|
*
To account for the interim and acting CEOs who are intentionally assigned to their posts for a short period, the data has been adjusted downward. Because these adjustments are based on a representative sample and therefore contain a margin of error, the annual percentage rates reported are rounded to the nearest whole number.
CONTACT:
Douglas A. Klegon, Ph.D., (312) 424-9420
###
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