Healthcare Sector Still Has Highest CEO Turnover

The healthcare sector led all industries in CEO turnover so far this year, seeing 195 CEO changes in total — 47 percent more than the next sector, government/nonprofit, which had 133 turnovers, according to a report by global outplacement consultancy Challenger, Gray & Christmas.

Advertisement

In this year’s third quarter, healthcare saw 78 planned CEO departures, with 26 coming in September alone.

This data includes not just hospitals but also health technology firms, medical device companies and pharmaceutical companies.

“The changes to Medicaid and Medicare reimbursements, coupled with the implantation of the Affordable Care Act, are contributing to the shake-up in leadership,” John Challenge, CEO of Challenger, Gray & Christmas, said in the news release. “Many of these organizations are looking for CEOs better equipped to navigate through this period of tumult and uncertainty.”

More Articles on CEO Turnover:
Best Practices for Handling Hospital CEO Turnover
What Attracts Hospital Executives to New Positions: 4 CEOs Weigh In
Healthcare Tops All Sectors in CEO Turnover, Report Finds

Advertisement

Next Up in Leadership & Management

Advertisement

Comments are closed.