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For immediate release

HOSPITAL CEO TURNOVER REMAINS STABLE

CHICAGO, March 31, 2004—Hospital CEO turnover remained stable in 2003, tracking 14 percent nationwide, the same as the rate recorded in 2002. Turnover in 2001 was 15 percent.

"We are pleased that CEO turnover has not increased nationally, but we still believe it is too high," says Thomas C. Dolan, Ph.D., FACHE, CAE, president and chief executive officer of the American College of Healthcare Executives. "Through a variety of efforts targeted at CEOs and trustees, ACHE is working to reduce turnover every year," Dolan adds.

The American College of Healthcare Executives first started tracking the rate of CEO turnover in 1980. The reports are based on changes in an organization's chief executive officer as reported to the American Hospital Association.

Annual CEO Turnover Rates for Non-Federal, General Medical/Surgical, Short-Term Hospitals

Calendar Year
Qualifying Hospitals CEO Turnover Rate*
1996 4,928 16%
1997 4,842 16%
1998 4,780 17%
1999 4,744 18%
2000 4,689 17%
2001 4,624 15%
2002 4,602 14%
2003 4,569 14%

* To account for the interim and acting CEOs who are intentionally assigned to their posts for a short period, the data has been adjusted downward. Because these adjustments are based on a representative sample and therefore contain a margin of error, the annual percentage rates reported are rounded to the nearest whole number.

CONTACT: Deborah A. Labb, (312) 424-9426

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