| For
immediate release
HOSPITAL
CEO TURNOVER CONTINUES DECLINE
CHICAGO,
April 22, 2003—Hospital CEO turnover decreased slightly in 2002, tracking 14 percent nationwide, slightly below the 15 percent turnover rate recorded in 2001. Turnover in 2000 was 17 percent.
"We are pleased that we are seeing a decrease in CEO turnover nationally, but turnover is still too high in many states" 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 even further," 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%
|
*
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:
Ann C. Bartling, CHE, (312) 424-9420
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