The turnover rate in 2010 was also 16 percent but prior, from 2001 to 2009, the rate fluctuated from 14 to 18 percent.
According to the report, the turnover rate is expected to remain high as the baby boomer generation retires, thus, hospitals should have detailed succession plans to minimize negative impact from leadership changes.
To view the report, click here (pdf).
More Articles on Hospital Executives:
Healthcare Industry Sees Highest CEO Turnover Rate
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