The executive recruiting firm examines the backgrounds and measures turnover of C-suite executives in a portfolio of 674 Fortune 500 and S&P 500 companies, 9.9 percent of which are healthcare organizations. Analysts tracked data from Jan. 1, 1995, through Aug. 15, 2023, to compile this year’s Volatility Report.
Healthcare CEOs have an average tenure of 6.6 years, just below the cross-industry average of 6.9 years, according to the report. They also had the lowest level of turnover at 4.5 percent; for comparison, services CEOs sport a 22.7 percent turnover rate so far this year.
Meanwhile, healthcare CFOs serve 4.7 years on average, settling near the all-industry mean of 4.9 years. Companies in the healthcare industry have also had the lowest CFO turnover of any industry, at 5.3 percent this year.
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.
