Succession planning takes foresight, discernment, and a willingness to turn over the reigns to the next man or next woman up. It can be disruptive during any period in time, but during a major economic crisis or worse yet, a pandemic, it can make or break a workplace. So why is it only 49% of hospitals have a formal CEO succession plan in place?
In Episode #5 of Next Up, Nancy Schlichting, who spent 14 years as the CEO of Henry Ford Health System in Detroit and is a perennial figure on Modern Healthcare's 100 Most Influential People in Healthcare and Top 25 Women in Healthcare lists, says it's important to develop talent at all levels of an organization to create a pipeline of talent to move up the ladder.
