For immediate release
Hospital CEO Turnover Rate Increases
CHICAGO, March 10, 2014—Hospital CEO turnover increased in 2013, tracking at 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. The turnover rate in 2012 was 17 percent, and in 2011 and 2012 it was 16 percent. The annual rate has fluctuated between 14 and 18 percent in the decade prior to 2013.
“The increase in the turnover rate may be indicative of a combination of factors, including an increased number of baby boomers seeking retirement, the emerging trend toward consolidation in our industry and the complexity and amount of change going on in healthcare today,” said Deborah J. Bowen, FACHE, CAE, president and CEO of ACHE. “The increase in the rate reinforces the need for healthcare leaders to work with their boards to ensure appropriate succession plans are in place.”
ACHE's CEO turnover rates are based on changes in an organization's chief executive officer as reported to the American Hospital Association.
American College of Healthcare Executives Hospital CEO Turnover*
|YEAR||ADJUSTED ** (percent)||NUMBER OF HOSPITALS|
American College of Healthcare Executives—Feb. 21, 2014
Annual CEO Turnover by State—Rates adjusted for states with more than 23 turnovers
Nonfederal, Short-Term, General Medical/Surgical Hospitals—Calendar Year 2013
|Rank||State||Adjusted CEO Turnover Pct*|
|40-41||DIST. OF COLUMBIA||14|
|49||WEST VIRGINIA||10||50||NEW JERSEY||10|
|US TOTAL (50 states, DC, Puerto Rico)||20|
About the American College of Healthcare Executives
The American College of Healthcare Executives is an international professional society of more than 40,000 healthcare executives who lead hospitals, healthcare systems and other healthcare organizations. ACHE offers its prestigious FACHE® credential, signifying board certification in healthcare management. ACHE's established network of 80 chapters provides access to networking, education and career development at the local level. In addition, ACHE is known for its magazine, Healthcare Executive, and its career development and public policy programs. Through such efforts, ACHE works toward its goal of being the premier professional society for healthcare executives dedicated to improving healthcare delivery. The Foundation of the American College of Healthcare Executives was established to further advance healthcare management excellence through education and research. The Foundation of ACHE is known for its educational programs—including the annual Congress on Healthcare Leadership, which draws more than 4,000 participants—and groundbreaking research. Its publishing division, Health Administration Press, is one of the largest publishers of books and journals on health services management including textbooks for college and university courses.
Lisa M. Freund, FACHE
Communications and Marketing
American College of Healthcare Executives
One North Franklin, Suite 1700
Chicago, IL 60606