Impact of CEO succession on financial performance of hospitals

The succession planning is a corporate approach that has freshly earned interest in the health care literature, mainly because of chief executive matters and the requirement for preserving experienced employees according to business requirements. Few researches have been performed in health care venues that obviously identifies best procedures for succession planning structures. To efficiently bring out such managerial policies throughout those difficult times, a consolidated reassessment of succession planning in health care was completed to discover regularities in abstract and policies for chief executive officers and health care executives to commence. Chosen articles were associated by corporate succession planning to decide whether health care policies were likely to be best procedures now recognized in business perspectives. Chief Executive Officer (CEO) progression events are regarded to be very important events in business lifetime which are as an outcome to find out the performance. It is of greatest essential because of the growing interest of the businesses that depends on significantly on who succeeds the chief executive officer.