07 Sep Effective Succession Planning For Healthcare Executives & How To Keep Your CEOs
I recently was honored to publish another article for the American Hospital Association (AHA) entitled “Evidence-Based Approaches Make Succession Planning More Intentional and Effective.”
The article begins by offering updated statistics about CEO turnover trends for hospitals and incorporates the perspectives from respected leadership experts regarding proven industry Best Practices. I discuss why succession planning should not be conducted in a vacuum. The article emphasizes that it is the CEO’s responsibility to ensure that “leadership continuity planning” is designed correctly and supports the organization’s strategic goals, mission, vision, and values. The plan must extend well beyond the simple practice of developing graphic organizational charts for current and prospective leaders.
Recognizing that people are not “interchangeable parts” and that no two people are the same, practical tips and examples are provided about how Evidence-Based Succession Planning must be individualized to protect their unique needs and those of the organization. These strategic initiatives must provide practical and objective roadmaps that everyone involved is able to support and will follow on an ongoing basis. For example, Evidence-Based Succession Planning needs to incorporate input from physicians, consider staffing shortages, and weigh the likely impact on clinical and financial outcomes. The article highlights several more significant operational benefits for the key stakeholders and the demonstrated severe consequences of not being proactive.
Multiple opportunities for successful implementation are throughout the article and have proven to work. Based on my own and others’ national research studies, and practical experiences, these considerations will benefit any organization looking for a successful CEO. I conclude the article with 11 powerful “takeaways” and offer additional resources. Be sure to check it out and consult us for any questions.
Link to the article on the American Hospital Association (AHA) website click here > “Evidence-Based Approaches Make Succession Planning More Intentional and Effective.”