Staying put. With CEO turnover at its lowest in years, healthcare industry insiders cite economy, board support as reasons behind the numbers.
Observers say the sluggish economy, combined with increased patience from hospital boards, helped push the turnover rate for hospital CEOs to an eight-year low of 14% in 2002. Thomas Dolan, left, president of the American College of Healthcare Executives, says the fallout from Sept. 11, 2001, and tough economic times may have made top executives wary of risking a job change.
Patrick
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Reilly
D016542:Chief Executive Officers, Hospital / Q000600:supply & distribution*; D003625:Data Collection; D004469:Economics, Hospital; D006075:Governing Board; D010563:Personnel Turnover / Q000706:statistics & numerical data / Q000639:trends*; D014481:United States