Last year, the for-profit, publicly traded UHS had net income of $815 million on $11.4 billion in revenue. Alan B. Miller founded UHS in 1979 with six employees. Alan B. Miller is a Horatio Alger award recipient and a member of the Business Roundtable. He was also named to the Forbes "America's Most Innovative Leaders" list. “I was an entrepreneur intent on doing meaningful work and making a difference with my life. In 2020, UHS was again recognized as one of the World's Most Admired Companies by Fortune; ranked #281 on the Fortune 500; and listed #330 in Forbes ranking of U.S.' Largest Public Companies. (RTTNews) - Universal Health Services, Inc. (UHS) announced Tuesday that its founder Alan Miller will step down as Chief Executive Officer, effective January 2021. Marc D. Miller was appointed by the Board of Directors to serve as the company's new Chief Executive Officer, effective January, 2021. Alan B. Miller – A Legacy of AchievementAlan B. Miller has received numerous awards for his business achievements and philanthropic endeavors. Ranks on Fortune 500 for 17th Year. At graduation from the College of William and Mary in Virginia, Alan B. Miller was commissioned in the U.S. Army and served in the 77th Infantry Division. Friends Hospital in Philadelphia, part of the Universal Health Services system, was founded by Quakers and is the nation's oldest mental-health facility. I am confident that the transition will be seamless and the company will continue to excel under Marc's highly competent leadership. Marc D. Miller is a member of the UHS Board of Directors and serves on both the Executive Committee and the Finance Committee. More than a quarter of workers said their mental health … Within 18 months of its founding, UHS owned four hospitals and had management contracts with two additional hospitals. Universal Health Services CEO Alan Miller discusses Republican efforts to reform health care and the sustainability of Obamacare. Universal Health Services has the property under contract, said Kevin DiLallo, group VP of UHS (NYSE: UHS) and CEO of Manatee Healthcare System. In 2014, UHS was recognized by J.P. Morgan as a historical extreme winner among select stocks that generated the highest excess lifetime returns over the Russell 3000 Index and was added as a component of the S&P 500 Index. Alan Miller, 83, has served as chairman and CEO of Universal Health Services (NYSE: UHS) since he founded the company in 1979 with six employees.. Universal Health Services, Inc. Introducing healthcare’s most forward-thinking healthcare company . Universal Health Services's Chairman of the Board and Chief Executive Officer is Alan B. Miller. It acts as the advisor to Universal Health Realty Income Trust, a real estate investment trust. Over four decades, UHS evolved into one of the nation’s largest health-care concerns. I have personally witnessed Marc taking on increasing responsibilities over my seven-year tenure on the Board and am confident that UHS' best years are yet to come!". "Our leadership team is fully engaged and well-positioned to continue to deliver solid performance, achieve strategic growth and expansion, and deliver superior care to patients. Universal Health Services, Inc. (UHS) is one of the nation’s largest hospital companies operating, through its subsidiaries, behavioral health facilities, acute care hospitals and ambulatory centers throughout the United States, Puerto Rico and the United Kingdom. UHS is a registered trademark of UHS of Delaware, Inc., the management company for Universal Health Services, Inc. and a wholly-owned subsidiary of Universal Health Services. It is an honor to hand over the reins of this very successful company and know that, every day, the team will continue to provide superior-quality care, save lives, and help families in their times of greatest need.”. 09/08/2020. 69% of the compensation package, or $3M, was in option awards. One of the nation's largest and most respected providers of hospital and healthcare services, UHS today employs approximately 90,000 employees and operates through its subsidiaries close to 400 facilities located in 37 U.S. states, Puerto Rico and the United Kingdom. “We have a good rhythm here. The deal followed a report in the BuzzFeed News that the chain would exaggerate the mental plight of patients to hold them involuntarily until their insurance money ran out. Alain Dehaze, CEO of staffing group Adecco, said business leaders need to be more 'emotionally intelligent' as lockdowns continue. The elder Miller founded what would become a Fortune 500 company in 1979 with a staff of six. "UHS' reputation as a financially stable, innovative and award-winning healthcare company will continue," said Marc D. Miller, President and newly appointed CEO, UHS. Locally, UHS employs 850 people at its corporate headquarters and several thousand at hospitals in the Philadelphia region, which include the oldest psychiatric facility in the United States, Friends Hospital on Roosevelt Boulevard. Universal Health Services salary trends based on salaries posted anonymously by Universal Health Services employees. Marc D. Miller , President, received a compensation package of $4.4M, which is about the same as previous year. Marc D. Miller (right) becomes CEO of Universal Health Services in January. Universal Health Services The 83-year-old founder of Universal Health Services, America’s largest psychiatric hospital chain and a major acute-care hospital provider, too, is handing control of the King of Prussia-based company to his son. I look forward with great optimism and am confident UHS will continue to thrive and grow.". The 83-year-old founder of Universal Health Services, America’s largest psychiatric hospital chain and a major acute-care hospital provider, too, is handing control of the King of Prussia-based company to his son. He served as a trustee of the William and Mary Endowment Fund, and is a life member of the school's President's Council. Alan B. Miller earned his MBA degree from the Wharton School of the University of Pennsylvania. © 2021 The Philadelphia Inquirer, LLC Terms of Use/Privacy Policy/California Notice California residents do not sell my data request. In addition to Friends, UHS operates eight additional psychiatric centers in the region: Brooke Glen Behavioral Hospital in Fort Washington; Fairmount Behavioral Health in Roxborough; Foundations Behavioral Health in Doylestown; Hampton Behavioral Health in Westampton, Burlington County; Horsham Clinic in Horsham; Keystone Center in Brookhaven; Lancaster Behavioral Health Hospital in Lancaster; and the Rockford Center in Newark, Del. Alan B. Miller is retiring from his position as CEO at King of Prussia- based Universal Health Services at the end of the year, but will continue to serve as the company’s executive chairman, writes John George for the Philadelphia Business Journal. Welcome to the "Lessons from the C-suite" series, featuring Advisory Board President Eric Larsen's conversations with the most influential leaders in health care.. He was also awarded an honorary degree of Doctor of Public Service from the college in 2014. “What changes? A free inside look at Universal Health Services salary trends based on 831 salaries wages for 409 jobs at Universal Health Services. “We’re pretty opportunistic about what markets we go into for each of our business lines,” he said, adding that UHS had looked at buying Hahnemann Hospital in Center City but passed on it. In May 2015, the Wall Street Journal ranked Alan B. Miller for achieving 3,715 percent total shareholder returns since 1995. “It has made us a better company.”. Marc D. Miller, President, Ascends to CEO Marc D. Miller, President since 2009, is the newly appointed CEO of UHS. The senior Miller is generally credited with being a pioneer in purchasing hospitals in fast-growing communities and building a network out of them. Prior to his promotion to President of UHS, Marc D. Miller was Senior Vice President of UHS and President of the company's Acute Care Division, which at the time comprised 25 acute care hospitals and accounted for 50% of the company's total revenues. Marc D. Miller (right) becomes CEO of Universal Health Services in January. Alan B. Miller will also continue to serve in his current role of Chairman of the Board, President and Chief Executive Officer of Universal Health Realty Income Trust (NYSE: UHT). Universal Health Services, Inc. (UHS) CEO Alan Miller on Q3 2020 Results - Earnings Call Transcript Oct. 30, 2020 2:48 PM ET Universal Health Services, Inc. (UHS) , UHID SA Transcripts Marc D. Miller has extensive hospital management experience. For the period 1992-2002, UHS also led the category at 29%. Since … In July, UHS agreed to pay $127 million to the federal government to resolve a False Claims Act investigation of billing practices at about 30 of its psychiatric facilities. "This is the strong foundation upon which UHS prepares for the future as a continued leader in healthcare, transforming the way that health systems deliver high-quality care to complex and diverse patient populations. UNIVERSAL HEALTH SVCS INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. During his tenure in charge of operations at UHS, Marc Miller has focused on hiring senior executives who have worked “out in the field” at the company’s hospitals. Welcome to Universal Healthcare. We will uphold the admirable reputation of UHS in the future as we continuously evolve, and continue to earn the confidence of the communities we serve as a trusted healthcare partner. "I am personally quite proud of the care we have delivered to millions of individuals, and I am grateful for the team of dedicated professionals at UHS who have given so much to so many. He will continue to chair the UHS board of directors. Our strategy includes building or acquiring hospitals in rapidly growing markets, investing in the people and equipment needed to allow each facility to excel, and becoming the leading healthcare provider in each community we serve. He founded the King of Prussia-headquartered company in 1979 and built it into an $11.4 billion hospital industry powerhouse. Miller founded the company in 1979 and it has grown to become one of the largest providers of hospital and healthcare services in the nation, with annual revenues of more than $11.37 billion. In 2020, UHS was again recognized as one of the World's Most Admired Companies by Fortune; ranked #281 on the Fortune 500; and listed #330 in Forbes ranking of U.S.' Largest Public Companies. Universal Health Services CEO Alan Miller on consolidation of hospitals, mental health care, the opioid epidemic and the company's outlook for growth. Executive Committee Finance Committee. KING OF PRUSSIA, Pa., Jan. 18, 2017 /PRNewswire/ -- Universal Health Services, Inc. (NYSE: UHS) announced today that its Board of Directors voted to pay a cash dividend of $0.10 per share on March 15, 2017 to shareholders of record as of March 1, 2017. “We’ve not seen the opportunity in this market to enter the acute-care space, though we’d love to have more of a footprint here.”. Alan B. Miller will continue to serve as Executive Chairman of the Board of Directors of UHS in addition to retaining certain other management responsibilities within the company. “For a company, we’re OK with that.”. One of the nation's largest and most respected providers of hospital and healthcare services, Universal Health Services, Inc. has built an impressive record of achievement and performance. Growing steadily since our inception in 1979 into an esteemed Fortune 500 corporation, annual revenues were $11.4 billion for 2019. Over his 25+ year tenure with UHS, he has held various positions including Eastern Region Vice President of the Acute Care Division; Assistant Administrator of The George Washington University Hospital, Washington, DC; Chief Operating Officer of Wellington Regional Medical Center, West Palm Beach, Florida; and Chief Executive Officer and Managing Director of Central Montgomery Medical Center, Lansdale, Pennsylvania. Under Miller's leadership, the company has grown exponentially, and today is an esteemed Fortune 300 corporation comprising an expansive international network with annual revenues of $11.4 billion in 2019. Both Fortune Magazine and The Wall Street Journal noted Universal Health Services as having the highest return to shareholders (38%) of all healthcare providers for the 10-year period 1990-2000. Obamacare's implementation may look like a "train wreck," but Universal Health Services CEO Alan Miller says his $7 billion hospital company is well-positioned for the changes. Other executives include Marc D. Miller, President, Director; Matthew D. Klein, Senior Vice President and General Counsel and 14 others. For additional information on the Company, visit our web site: http://www.uhsinc.com. Alan B. Miller (born August 17, 1937) is an American businessman who is the founder of Universal Health Services, and currently serves as the company's chairman and chief executive officer (CEO). Therefore, the ratio of Alan B. Miller's pay to the median employee pay was 629 to one. Universal Health Services, Inc. is a holding company and operates through its subsidiaries including its management company, UHS of Delaware, Inc. All healthcare and management operations are conducted by subsidiaries of Universal Health Services, Inc. To the extent any reference to "UHS" or "UHS facilities" on this website including any statements, articles or other publications contained herein relates to our healthcare or management operations it is referring to Universal Health Services' subsidiaries including UHS of Delaware. Marc D. Miller is a member of the Board of Trustees of Universal Health Realty Income Trust and he also serves as a member of the Board of Directors of Premier, Inc. Marc D. Miller earned a Master of Business Administration degree in Healthcare from The Wharton School of the University of Pennsylvania, and a Bachelor of Arts degree in Political Science from the University of Vermont. Universal Health Services CEO Alan Miller on Obamacare, the company's acquisition of Cambian Group and responds to a BuzzFeed report. Headquartered in King of Prussia, PA, UHS has approximately 90,000 employees and through its subsidiaries operates 26 acute care hospitals, 330 behavioral health facilities, 41 outpatient facilities and ambulatory care access points, an insurance offering, a physician network and various related services located in 37 U.S. states, Washington, D.C., Puerto Rico and the United Kingdom. Fox Business identified Miller this year as the second longest-serving chief executive in the nation. Further, the terms "we," "us," "our" or "the company" in such context similarly refer to the operations of Universal Health Services' subsidiaries including UHS of Delaware. May 2020 — Universal Health Services, Inc., one of the largest providers of acute and behavioral healthcare in America, is pleased to announce it has again ranked on the Fortune 500 list. Alan B. Miller is retiring from his position as CEO at King of Prussia- based Universal Health Services at the end of the year, but will continue to serve as the company’s executive chairman, writes John George for the Philadelphia Business Journal.. Miller’s son, Marc D. Miller, will take over as CEO as part of a longstanding succession plan. Universal Health Services CEO Alan Miller on consolidation of hospitals, mental health care, the opioid epidemic and the company's outlook for growth. He has been named by Modern Healthcare as one of the "100 Most Influential People in Healthcare" for the last 17 years: 2003-2019. Salaries posted anonymously by Universal Health Services … Universal Health Services, Inc. Universal Health Services Chairman of the Board and Chief Executive Officer. Therefore, the ratio of Alan B. Miller's pay to the median employee pay was 578 to one. In 1992, he was awarded an Honorary Doctorate from the University of South Carolina and received the George Washington University President's Medal in 2002. KING OF PRUSSIA, Pa., Sept. 8, 2020 /PRNewswire/ -- Universal Health Services, Inc. (NYSE:UHS) announced today that consistent with our longstanding succession plan, Alan B. Miller, Founder, Chairman and Chief Executive Officer of Universal Health Services, Inc., will step down as Chief Executive Officer of the company and transition leadership to Marc D. Miller, who currently serves as President. He received the Chairman's Award from the United Negro College Fund, the Americanism Award of ADL and the Ellis Island Medal of Honor. Business news and analysis sent straight to your inbox every Tuesday morning. He has received high honors from the College, including the William and Mary Alumni Medallion, the College's highest alumni award in 1999; and the Clarke Medallion, the highest honor presented by the Business School, in 2007. Alan B. Miller, the founder and CEO of Universal Health Services, Inc. (UHS) will step down as CEO in January 2021, according to a press release Tuesday. Universal Health Services, Inc. The College's School of Business relocated to the newly constructed Alan B. Miller Hall in 2009, and the Alan B. Miller Entrepreneurship Center opened in 2010. "Over the past four decades, we have worked hard to deliver upon our mission, care for patients in the most effective manner, grow strategically and seek opportunities," said Alan B. Miller. Marc MiIler has been president of UHS since 2009 and headed the acute-care division, which includes 25 hospitals and accounts for half the firm’s revenue. Based at the Corporate Headquarters, he has led the business operations of UHS including executive oversight of both the Acute Care Division and Behavioral Health Division. Marc D. Miller , President and Director, received a compensation package of $4.4M, which increased by 16% compared to previous year. Most recently, in 2020, Fox Business recognized him as the second longest-serving CEO in the US. Announces Founder Alan B. Miller Plans To Step Down As CEO in January 2021, Continue As Executi Sep 8, 2020 Universal Health Services, Inc. In 1999, Alan B. Miller was presented with the first Lifetime Achievement award of the Federation of American Hospitals, who honored him for his many years of industry leadership. UHT, which was founded by UHS under the leadership of Alan B. Miller in 1986, is a real estate investment trust that currently has 71 real estate investments located in 20 states. Alan B. Miller, who currently serves as the company's Chairman and Chief Executive Officer, founded Universal Health Services, Inc. in 1979. View original content to download multimedia:http://www.prnewswire.com/news-releases/universal-health-services-inc-announces-founder-alan-b-miller-plans-to-step-down-as-ceo-in-january-2021-continue-as-executive-chairman-of-the-board-marc-d-miller-president-appointed-chief-executive-officer-301125132.html, Steve Filton, Chief Financial Officer, 610-768-3300. Our operating philosophy is as effective today as it was 40 years ago, enabling us to provide exceptional care to our patients. In 2019, he was named as a recipient of the Distinguished Civilian Award by the Ben Franklin Forum in recognition of the behavioral healthcare delivered by UHS Facilities to our nation's military. We’re happy to continue with the same trajectory we’ve been on.”. For fiscal year 2018, the median employee pay was $40,826 at Universal Health Services. Not a whole lot,” said Marc Miller, who has served as president for 12 years. Average salaries for Universal Health Services Ceo: [salary]. For real-time news and information around COVID-19 go to www.sacoronavirus.co.za. Universal Health Services, Inc. (NYSE:UHS) Q2 2020 Earnings Conference Call July 28, 2020 09:00 AM ET Company Participants Steve Filton - CFO Alan Miller - CEO … Alan B. Miller will step down as chief executive in January and son Marc D. Miller, 50, will take his place in what the company said was as “long-planned succession.”. Compay shares have traded in a range of $65.20 to $157.06 in the last year, and closed Tuesday down 3.74%, to $109.32, on the New York Stock Exchange. Executive Committee Finance Committee. “I am certainly appreciative of the success we have achieved,” Alan Miller said. Jeff Stein and Laura Reiley, Washington Post, Universal Health Services finalizes $127 million settlement in long-running fraud investigation, Universal Health Services takes big write-down on addiction-treatment unit because the business has changed, Biden to increase federal food benefits among executive actions aimed at stabilizing the U.S. economy, Lawyer Bernard Smalley, who learned about power in his dad’s barbershop, to head politically connected charity that runs Girard College, Contractor with ties to Johnny Doc pleads guilty to tax fraud and defrauding union benefit fund, Atlantic City’s former Trump Plaza will be imploded on Feb. 17, mayor says, FBI agents make arrest in Center City in high school stalking case, Inquirer hires a former Boston Globe executive as chief revenue officer, California residents do not sell my data request. Alan B. Miller (left) is stepping down from his role as CEO of Universal Health Services. 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