This is important for our readers who practice in a hospital is because every time there is a new CEO there is a possibility of your practice getting outsourced.
According to the American College of Healthcare Executives, the average hospital CEO turnover rate increased in 2013 to 20 percent.
This percentage is the highest turnover rate since ACHE began collecting data in 1981.
“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,” Deborah J. Bowen, FACHE, president and CEO of ACHE, said in a release.
The following are the 10 states with the highest CEO turnover rate, according to ACHE.
1. Alaska – 37 percent
2. Oklahoma – 33 percent
3. Kansas – 30 percent
4. Virginia – 29 percent
5. Louisiana – 27 percent
6. Florida – 27 percent
7. Massachusetts – 26 percent
8. Alabama – 25 percent
9. Kentucky – 25 percent
10. South Carolina – 25 percent
Puerto Rico hospital CEO turnover is also very high, at 30 percent.
The data from ACHE is based on changes in an organization’s CEO as reported to the American Hospital Association.