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Hospital CEOs

September 19th, 2005

The hospital CEO position is probably one of the toughest positions in healthcare, and maybe anywhere. As passionate as I am about healthcare, I honestly do not aspire to this spot.

A few weeks ago, I highlighted the CEO of Detroit Medical Center, who has aggressively turned his hospital around.

A couple of recent hospital CEO interviews in the press recently. Here's one with Desert Springs Hospital CEO, Sandy Kaufman, who talks about the success of their partnerships and service line expansions.

Here's one with Lawrence Hospital CEO, Edward Dinan, who talks about his faith and his "best practices" in hope.

Last year, ACHE put out a very interesting piece (PDF) on CEO/CNO relationships, based on a survey of 1,000 CEOs and 776 CNOs. Among the findings: CEO/CNO relationships are good and CNOs get a lot less board exposure than CFOs.

Also from ACHE, they have been tracking hospital CEO turnover for almost 15 years - the avg turnover for the last 4 or 5 years: ~15% (1 in 7 or 8 hospitals changes CEOs every year!). New on the ACHE site is CEO turnover by state. The highest: Nevada (33%). The lowest: New Hampshire (3%). Strange that there is such a high variance - if you assume that these rates correlate with financial performance, one would speculate that state policy has a big impact on hospital performance?

And finally, since the Modern Healthcare survey on hospital CEO pay, as expected there has been some of criticism and defense. Some of that fun in Pittsburgh and Georgia (pdf).


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