• Massachusetts: Marc Harrison, former CEO of Intermountain, has been named CEO of HATco, a new company owned by General Catalyst that will provide advisory services to health systems to help them move to value-based care, adopt digital platforms, align stakeholder interests, and improve financial stability. According to Harrison, HATco will acquire a health system within its first year of operation. "We want to demonstrate what the evolution of healthcare can look like and how we can make it clinically and economically sustainable, more accessible to regular people … and how we can achieve measurable changes in public health and health spending," Harrison said. (Perna, Modern Healthcare, 10/8)
• North Carolina: North Carolina's new state budget allocates $320 million to UNC Health to build a new children's hospital within the next decade. According to UNC Health, the standalone hospital will cost around $2 billion to build and will provide medical and behavioral healthcare for children and adolescents. UNC Health will need to raise large amounts of money through a philanthropic campaign as well as find property to fit a campus that would need to be roughly 50 to 70 acres in size, Axios Raleigh reports. (Eanes, Axios Raleigh, 9/29)
• Pennsylvania: Allegheny Health Network (AHN) and the Sidney Kimmel Comprehensive Cancer Center at Johns Hopkins have announced they are ending their collaboration after almost a decade. AHN said it is grateful for the collaboration and will continue to partner with Johns Hopkins on other programs, including lung transplantation, maternal-fetal medicine, and gynecologic care. "Though our formal cancer partnership with Johns Hopkins has ended, our clinicians continue to collaborate with peers on the Johns Hopkins team, capitalizing on the strong relationships that have been established through our work together," said Dan Laurent, a spokesperson for AHN. (Ritenbaugh, TRIBLive, 10/6)

Healthcare organizations that don't have an effective succession planning process face two risks. First, these organizations may fail to achieve their strategic priorities because critical roles are vacant. Second, senior leaders may select future leaders who aren't necessarily the talent the organization needs for tomorrow's challenges.

Use this infographic to help you build an effective succession planning process.