Beyond the Byline: Venture capital firms lure health system CEOs

What are the consequences for these health systems if they do not have a completed succession plan?

Alex Kacik: So, like I mentioned earlier, only 44% of 260 hospitals surveyed in the 2021 Governance Institute Report maintain a written updated CEO and senior executive succession plan. A bad executive hierarchy and cost a health system between five and 15 times their base pay. That was from one source who was quoting a report from Acadia,…