Hospital CEO turnover up 42% in 2023

Hospitals and health systems reported 146 CEO changes last year, marking a 42% increase from 2022. 

Hospitals and health systems announced 103 CEO changes in 2022, according to a Jan. 18 report from Challenger, Gray & Christmas, an executive coaching firm that examines CEO turnover in the U.S. each month. 

Last year, hospitals announced the fourth highest number of CEO changes across the 29 industries and sectors measured by the firm. Across all industries, there were 1,914 CEO changes in 2023 — up 55% from 2022. Last year's total surpassed the previous record of 1,640 CEO exits in 2019, according to the firm. Challenger, Gray & Christmas began tracking CEO exits 22 years ago.

Last year began with 23 CEO departures announced in January at hospitals and health systems, marking the highest monthly total for the sector since August 2018. The year ended with 10 CEO departures announced in the sector.

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