The turnover rate of hospital CEOs fell slightly in 2019 for the first time in five years, according to a report by the American College of Healthcare Executives, a professional group of healthcare executives.
Last year, 17% of hospital CEO positions at nonfederal, general medical and surgical hospitals turned over, up from 18%.
"Despite the slight drop in 2019, turnover rates in recent years remain at higher levels than in the past," Deborah Bowen, ACHE's president/CEO, said in a prepared statement.
Bowen attributed the consistently high turnover rate of recent years to systems restructuring to meet a changing healthcare environment and to CEOs retiring.
The past eight years marks the longest stretch in which the hospital CEO turnover rate was at 17% or above since the study was started in the early 1980s, according to a press release. The study tracks changes in an organization's CEO reported to the American Hospital Association and confirmed by ACHE data and public sources.