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More than half of health systems aren’t prepared for their CEO to leave
Modern Healthcare

More than half of hospital and health system executives polled would not have a chief executive lined up if their CEO suddenly left, according to a new survey.

Fifty-four percent of 164 executives surveyed said they don’t have a ready successor and 43% operate without an effective internal succession plan, according to a new survey from executive search firm Korn Ferry. Nearly a third lack a succession plan entirely.

“There have been so many long-standing CEOs in healthcare, and many are aging out and retiring at the same time,” said Christine Rivers, Korn Ferry senior client partner in its board and CEO services practice. “But many don’t have a plan in place.”