Don't Let a Leadership Void Put Your Organization at Risk - Interim Leadership Solutions

PRLog (Press Release) - Oct. 5, 2010 - For many healthcare organizations, the loss of a key executive or department head can be panic inducing. Leaving a leadership vacancy open places the organization at risk of deteriorating financial, operational and clinical outcomes. However, healthcare executives also can’t afford to gamble with the expense of a poor hire due to a hurried decision on a permanent leader.
The financial implications of an executive vacancy are extremely high. The loss of a chief executive officer typically costs about $1.5 million—and to make matters worse, competitors often use the turnover time to try to acquire more market share, according to a recent article published in Hospitals & Health Networks magazine.
In spite of the challenges it presents, a leadership void doesn’t have to be a liability. Rather, it is an ideal opportunity to leverage a skilled interim leader who will take the organization to the next level. Innovative healthcare executives are finding that their organizations can experience positive growth—and even gain market share—through the strategic use of high-performing interim leaders. http://www.besmith.com/healthcarewhitepapers.aspx

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A leading provider of Healthcare Interim Leadership, Permanent Executive Placements and Consulting. B. E. Smith recently placed over 600 leaders into healthcare organizations worldwide. For more information, visit www.besmith.com or call 877.802.4593.