It now employs 90,000 and operates close to 400 facilities. In May 2015, the Wall Street Journal ranked Alan B. Miller for achieving 3,715 percent total shareholder returns since 1995. 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. Announces Founder Alan B. Miller Plans To Step Down As CEO in January 2021, Continue As Executi Sep 8, 2020 Universal Health Services, Inc. "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. Alan B. Miller. Universal Health Services CEO Alan Miller on Obamacare, the company's acquisition of Cambian Group and responds to a BuzzFeed report. Our Board of Directors. “That way, our executives are much more empathetic to the folks servicing patients every day,” he said. Marc Miller said UHS has no designs on acquiring an acute-care hospital in the Philadelphia region. 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. 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). Marc D. Miller (right) becomes CEO of Universal Health Services in January. 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. Any employment referenced in this website is not with Universal Health Services, Inc. but solely with one of its subsidiaries including UHS of Delaware, Inc. © 2021 Universal Health Services Inc. All Rights Reserved. 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. Fox Business identified Miller this year as the second longest-serving chief executive in the nation. UNIVERSAL HEALTH SVCS INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. I am confident that the transition will be seamless and the company will continue to excel under Marc's highly competent leadership. Executive Committee Finance Committee. 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. 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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. 09/08/2020. Universal Health Services's Chairman of the Board and Chief Executive Officer is Alan B. Miller. 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. 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. 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.”. 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. 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. Average salaries for Universal Health Services Ceo: [salary]. He will continue to chair the UHS board of directors. 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. Universal Health Services, Inc. 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. Universal Health Services, Inc. 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. “It has made us a better company.”. 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. 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. I look forward with great optimism and am confident UHS will continue to thrive and grow.". More than a quarter of workers said their mental health … Salaries posted anonymously by Universal Health Services … It acts as the advisor to Universal Health Realty Income Trust, a real estate investment trust. 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. He was also awarded an honorary degree of Doctor of Public Service from the college in 2014. Executive Committee Finance Committee. He speaks on “Bloomberg Markets.” (Source: Bloomberg) Over four decades, UHS evolved into one of the nation’s largest health-care concerns. 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. 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. About Universal Health Services Since … “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.”. 69% of the compensation package, or $3M, was in option awards. He was also named to the Forbes "America's Most Innovative Leaders" list. 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. 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. 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. For the period 1992-2002, UHS also led the category at 29%. 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. 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. "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. Marc D. Miller is a member of the UHS Board of Directors and serves on both the Executive Committee and the Finance Committee. 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. See the full leadership team at Craft. Marc D. Miller, President, Ascends to CEO Marc D. Miller, President since 2009, is the newly appointed CEO of UHS. Universal Health Services, Inc. Friends Hospital in Philadelphia, part of the Universal Health Services system, was founded by Quakers and is the nation's oldest mental-health facility. Most recently, in 2020, Fox Business recognized him as the second longest-serving CEO in the US. Marc D. Miller was appointed by the Board of Directors to serve as the company's new Chief Executive Officer, effective January, 2021. “What changes? 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. Marc D. Miller , President, received a compensation package of $4.4M, which is about the same as previous year. Alan B. Miller was named Entrepreneur of the Year in 1991 and Financial World named him CEO of the Year in hospital management. Welcome to Universal Healthcare. “ that way, our executives are much more empathetic to the median employee pay universal health services ceo 38,931... Salary trends based on salaries posted anonymously by Universal Health Services building a network out of them Wharton of... Of Alan B. Miller was named Entrepreneur of the compensation package, or $ 3M was! Finance Committee Fortune 500 company in 1979 with six employees year as second... Years ago, enabling us to provide exceptional care to our patients as previous year an Entrepreneur intent on meaningful. 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