UHS News | UHS, King of Prussia, PA

Investor’s Business Daily – Top Stocks to Watch

September 2024 — Investor’s Business Daily announced a list of 19 stocks – including UHS and two other medical sector stocks – that outpace 99% of all companies in terms of key stock-picking factors. “We are proud to provide value to our investors while fulfilling our mission to deliver high-quality patient care in our served markets,” said Marc D. Miller, President and CEO, UHS.

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Becker's: CEOs Weigh in on How to Improve Patient Trust in Health Systems

May 2024 — Patient trust is an essential yet delicate part of healthcare, with many factors affecting just how strong that trust is. “We recognize that health literacy can significantly impact the overall health of patients. Patient experience is a key area of focus in improving health literacy, as we aim to foster at each facility a culture of kindness, understanding and compassion. We hold our staff to high expectations — namely, to demonstrate service excellence, each and every day, at each and every encounter,” said Marc D. Miller, President and CEO, UHS.

READ MORE AT BECKERSHOSPITALREVIEW.COM →

Rendering of the new Hanover Hill Behavioral Health Hospital

Media Coverage: UHS and Lehigh Valley Health Network

May 2024 — UHS and Lehigh Valley Health Network are building a 144-bed behavioral health hospital. The new joint-venture facility will be located on Macada Road in Hanover Township, Pa., across from the Lehigh Valley Hospital (LVH)–Muhlenberg campus.

Behavioral Health Business: UHS Credits Tough Negotiating Stance with Payers for Favorable Rates

May 2024 — “We just had more optionality in negotiating with payers being able to get our payers to pay us what we thought was an adequate rate for the care of their patients,” UHS CFO Steve Filton said at RBC Capital Markets Global Healthcare Conference this morning.

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Becker’s: 20 large health systems ranked by reputation score

April 2024 — A new ranking shows where the largest U.S. health systems fall based on reputation score, which evaluates both solicited and unsolicited feedback from patients to determine a provider's standing. The ranking comes from Reputation, the business-to-business online reputation management company.

READ MORE AT BECKERSHOSPITALREVIEW.COM →

CEOWorld: The most 'Influential' US Healthcare CEOs

March 2024 — CEOWorld Magazine has released its latest list of "World's Most Influential CEOs and Business Executives,” and multiple healthcare leaders based in the U.S. are on the list. For its global ranking of the best CEOs for 2024, the magazine examined more than 2,300 CEOs at large public companies across 61 countries.

READ MORE AT BECKERSHOSPITALREVIEW.COM →

Becker’s: Why a big health system stuck with Oracle for its EHR

February 2024 — Becker's talked to UHS CIO Eric Goodwin about how the relationship with Oracle has developed, where he anticipates it going from here, and why UHS is an EHR outlier. The publicly traded health system cemented its relationship with Oracle Health (formerly known as Cerner) last year when it selected the company as its unified EHR across its acute care and behavioral health hospitals.

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Forbes: What CEOs Can Learn from the 2024 New York Knicks

February 2024 — Be Clear On Your Purpose and Identity. When Alan B. Miller founded Universal Health Services (UHS) in 1979, he had a vision: he sought to build a patient-centered healthcare company that would treat patients how he would want his family treated. Today, UHS is one of the most respected providers of hospital and healthcare services with over 400 hospitals, 94,000 employees and over $13 billion revenue.

READ MORE AT FORBES.COM →

Marc D. Miller on Fostering a Growth-mindset Culture

February 2024 — As leaders, CEOs are constantly being asked to lead in situations that are outside their comfort zone and present considerable risk. How leaders respond during these times can set up opportunities that benefit the business and its employees in the long-term and change an industry for the better. Meeting the moment requires courage in the face of uncertainty.

READ COMMENTS BY MARC D. MILLER →

Philadelphia Business Journal: 'Here for the long term': Fortune 500 firm Universal Health Services executes growth mode strategy

March 6, 2024 (by Reporter John George)—While not immune to the labor shortage and supply cost challenges afflicting most hospital operators across the U.S., King of Prussia-based Universal Health Services is bucking trends through a growth strategy.

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Behavioral Health Business: Mental Health Executive Forecast: New Business Models, AI and Value-based Care to Define Industry in 2024

December 2023 — According to President & CEO Marc D. Miller, “Advancements in technology will continue to evolve how individuals interact with service providers, and in our industry, transform and improve the way health care is delivered.” Read Marc’s predictions for 2024.

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Philadelphia Business Journal Health Systems Ranking 2023

December 2023 — UHS ranks at #7 on the annual list of largest health systems and hospitals in the Greater Philadelphia area as published by the Philadelphia Business Journal. The list is based on total number of licensed beds.

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Modern Healthcare: How 6 health system CFOs are tackling financial challenges

February 2024 — Quoting CFO Steve Filton, Universal Health Services: "Our biggest financial priority in 2024 is our intentional effort to be competitively, fairly and adequately reimbursed by payers. We ensure that payers are administering claims according to CMS guidelines and that they are adhering to relevant contractual terms and by aggressively appealing claims that have been inappropriately denied."

READ MORE AT MODERNHEALTHCARE.COM (NOTE: Subscription required) →

Media Coverage: UHS and Oracle Health

July 2023 — UHS is expanding the Oracle Health electronic health record (EHR) across its broad network of behavioral health facilities.

Philadelphia Business Journal Largest Public Companies List 2023

June 2023 — UHS ranks at #6 on the annual list of largest public companies published by the Philadelphia Business Journal. The list includes companies that are headquartered within the counties of Berks, Bucks, Chester, Delaware, Lancaster, Lehigh, Montgomery, and Philadelphia in PA; select counties in NJ; and Kent or New Castle counties in Delaware.

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Becker’s: 35 health systems ranked by Revenue

June 2023 — While hospital expenses continue to climb as a result of inflation and workforce challenges, many health systems saw revenues increase year over year in the first quarter as recovery efforts continue and patient volumes rebound.

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Media Coverage: Southridge Behavioral Hospital Groundbreaking

Southridge Behavioral Hospital Groundbreaking June 5, 2023

Behavioral Health Business: By Expanding into MAT, UHS hopes to add an Arrow to its Addiction Treatment Quiver

September 2023 — “We’ve always had a significant presence in addiction treatment and will probably expand our capacity in medically assisted treatment, at least incrementally,” Filton said Friday morning at the 2023 Wells Fargo Healthcare Conference.

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Becker’s: 15 takeaways from Universal Health Services' annual report

April 2023 — King of Prussia, Pa.-based Universal Health Services, one of the nation's largest healthcare providers, released its annual report April 6 detailing its growth, division changes and expansion plans.

READ MORE AT BECKERSHOSPITALREVIEW.COM→

Forbes: UHS named to annual Global 2000 List of World’s Largest Companies

April 2023 — Universal Health Services, Inc. is a healthcare holding company, which through its subsidiaries, owns and operates acute care hospitals, behavioral health centers, outpatient facilities and ambulatory care centers. It also offers health insurance plans and physician services unit.

READ MORE AT FORBES.COM →

The CEO Forum: Balancing short-term and long-term goals for healthcare employees

June 2023 — Universal Health Services President and CEO Marc D. Miller dives into the core drivers of culture and performance across business sectors that have created a proven track record for employees, and subsequently patients, over the past 44 years. Read the full article for Marc’s insightful and inspiring comments.

Becker’s: The strategies UHS' president of behavioral health uses to tackle workforce shortage

March 2023 — Behavioral health is projected to be one of the fastest-growing areas in healthcare, by market value, over the next few years. Those projections may fall short, however, if issues like workforce shortages aren't addressed. Matt Peterson, president of the behavioral health division at King of Prussia, Pa.-based Universal Health Services and a brigadier general in the Air National Guard, spoke with Becker's about how his team is working to mitigate the provider deficit in behavioral health.

READ MORE AT BECKERSBEHAVIORALHEALTH.COM →

Modern Healthcare: Universal Health Services considers expansion as patient volume rebounds

April 2023 — Patient volumes rebounded and staff shortages began to moderate in the first quarter at Universal Health Services, signaling what CEO Marc Miller on Wednesday called a "year of continued transition into a post-pandemic world."

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Modern Healthcare: Voices — The Check Up

December 2022 — Marc D. Miller, president & CEO, discusses how UHS plans to increase access to behavioral care amid a shortage of providers.

READ THE ARTICLE (PDF) →

Tranformational CEO Forum: Interview with Marc Miller

January 2023 — What makes Universal Health Services (UHS) different in the healthcare sector. During this 20-minute video interview, Marc discusses with Robert Reiss, The CEO Forum, the UHS growth strategy, our deeply held values, and our focus on long-term performance. We recognize the immense talents of our 89,000 employees and we set the vision that we hope they believe in and buy into.

WATCH NOW ON THE CEO FORUM →

Philadelphia Business Journal: Largest Health Systems & Hospitals in Philadelphia Region

December 2022 — UHS, headquartered in King of Prussia, PA, ranks #5 on the Philadelphia Business Journal’s list of largest healthcare systems in the Philadelphia area, by number of licensed beds.

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A Look at UHS' New 'Multipronged Approach' to Treating Veterans' Mental Health

November 2022 — Although veterans have a 57 percent higher risk of suicide compared to those who have not served in the military, fewer than 50 percent of returning veterans have access to necessary mental health treatment, according to the Department of Veterans Affairs. Matt Peterson, president of Universal Health Services' behavioral health division, shared with Becker's what steps the health group is taking to address this issue.

READ MORE AT BECKERSBEHAVIORALHEALTH.COM →

Women, Influence & Power in Law Awards 2022: Congratulations Michelle Carson, UHS

October 2022 — We congratulate Michelle Carson, Chief Litigation Counsel, in recognition of receiving the Best Mentor Award from the Women, Influence & Power in Law Awards 2022. “Michelle is an exceptional leader. She is an example to others with her integrity, dedication, intelligence and resourcefulness,” said Matt Klein, SVP and General Counsel, UHS.

Philadelphia Business Journal 2022 Annual Book of Lists

December 2022 — In this year’s Book of Lists, UHS appears on the lists of Largest Healthcare Systems, Largest Employers and Largest Publicly Traded companies.

20 Largest Healthcare Companies by Revenue

November 2022 — UHS appears on Becker’s summary of largest healthcare companies by revenue. Among the top 20 companies, 15 are from the U.S. These are the 20 largest publicly traded healthcare companies by revenue.

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Becker's: Why UHS CMO Dr. Mark Friedlander is optimistic about the future of behavioral healthcare

September 23, 2022 — As the stigma against sharing personal mental health challenges lessens, more steps are being taken to make suicide prevention a national priority, according to Mark Friedlander, MD, chief medical officer of Universal Health Services' behavioral health division. Dr. Friedlander joined Becker's to share what developments and trends in behavioral healthcare he is excited about and that are moving the industry forward.

READ MORE AT BECKERSBEHAVIORALHEALTH.COM→

UHS Joins to Support VC Firm General Catalyst

November 2022 — General Catalyst has added 10 new health system partners for health tech development and testing, including major hospital operator Universal Health Services, bringing the venture capital firm’s total roster of hospital partners to 15.

UHS Ranked Among Industry Leaders for Online Reputation

According to Reputation, a reputation experience management company, UHS has the third-highest Reputation Score among the 25 largest health systems evaluated.

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Philadelphia Business Journal: Health Systems and Hospitals in the Philadelphia Region

December 7, 2021 — Ranked by total local licensed beds, UHS ranks at #7.

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Universal Health Services, Inc. Again Ranked by Fortune Among World’s Most Admired Companies in 2021

UHS is pleased to announce it has once again been selected by Fortune as one of the "World's Most Admired Companies" in 2021.

News Coverage: New Beaumont Behavioral Health

Joint venture partners Beaumont Health and UHS announced the name of their new behavioral health hospital: Beaumont Behavioral Health.

S&P Global: Telehealth finds mental health, provider niche as usage drops from pandemic peak

September 2021 — Telehealth is becoming a permanent fixture in the healthcare landscape even as usage falls from last year's pandemic-induced peaks. Article features insights from Jeremy Maynor, VP, Telehealth Product Management, UHS.

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Becker’s Hospital Review: Top priorities for CIOs as COVID-19 spikes

December 2020 — The top priorities for healthcare CIOs continue to evolve as COVID-19 spikes across the U.S. King of Prussia, Pa.-based Universal Health Services is also preparing for the vaccine, which will require two doses. Shipments of the vaccine have already been sent to select states, and the White House is prioritizing front-line workers for the first doses. UHS has hundreds of facilities across the U.S. and is focused on evaluating and planning for each state's allocation and reporting requirements.

READ MORE AT BECKERSHOSPITALREVIEW.COM →

Behavioral Health Business: Incoming UHS CEO Plots Course for Continued Expansion of Behavioral Offerings

November 2020 — In January, Universal Health Services (NYSE: UHS) will welcome its first new CEO in more than 40 years. Alan Miller has been at the helm of the company since he founded it back in 1979. Since then, he’s grown the business into one of the nation’s largest hospital management organizations, with 330 facilities across two continents on the behavioral health side alone. But in 2021, Miller will step down, retaining only his title as executive chairman of the board of directors and certain management responsibilities. Meanwhile, his son Marc D. Miller, current president of UHS, will take over as CEO.

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Forbes: Alan B. Miller, Founder of Universal Health Services: A Vision That Changed Healthcare. A Legacy That’s Changing Lives

January 2021 — In 1979, Alan B. Miller had a vision: he sought to build a patient-centered healthcare company that would treat patients how he would want his family treated. Over the last 41 years, he has realized that vision through the establishment and growth of Universal Health Services (NYSE: UHS).

READ MORE AT FORBES.COM →

Becker’s: 100 of the largest hospitals and health systems in America | 2020

November 2020 — Becker's Hospital Review compiled 40 large health systems by number of hospitals and 60 large hospitals by bed count. This list was developed based on information as of September 2020.

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Behavioral Healthcare Executive: Data Drives Innovations Both Small and Large for UHS

December 2020 — Matt Peterson, executive vice president and Behavioral Health Division president at UHS, envisions a future for the field that is headed toward a medical-behavioral integration with digital disruption. Today, he sees a rapid pace of change within the field with more entrants in the field, payers regulating costs, and private equity investing more dollars.

READ MORE AT FORBES.COM →

Stigma Podcast featuring Nicki Tessler, PsyD, MBA, UHS Behavioral Health

July 2020 — In this podcast interview with Stephen Hays, Mental Health-focused Venture Capitalist, Nicki Tessler, PsyD, MBA, Divisional VP for UHS Behavioral Health, discusses the need for transformational change in the behavioral healthcare sector, and how UHS is partnering with entrepreneurs to drive change.

LISTEN TO THE PODCAST →

Becker’s Podcast featuring Marc D. Miller

July 2020 — In this podcast interview with Scott Becker, Marc discusses his career path which has led to his current role, how behavioral health has become a focus of health systems across the country, and the value of having a talented team who challenges the status quo. Marc also touches on the financial stability and reputation UHS has earned over the last four decades since its inception in 1979.

LISTEN TO THE PODCAST →

Philadelphia Business Journal: Health Systems and Hospitals in the Philadelphia Region

November 2020 — Health Systems and Hospitals in the Philadelphia Region ranked by local licensed beds. UHS ranks at #8 with 1,197 licensed beds.

READ MORE AT BIZJOURNALS.COM →

Modern Healthcare: Hackathons challenge developers to tackle COVID-19 with tech

April 2020 — The Massachusetts Institute of Technology on Friday launched two virtual hackathons tackling different aspects of COVID-19 — one focused on helping health systems, and another focused on protecting vulnerable populations — with support from Partners HealthCare Innovation, Universal Health Services and the Veterans Affairs Department.

READ MORE AT FORBES.COM →

Recent News Coverage: UHS Poll — 68% of Americans View COVID-19 as a Severe or Extreme Crisis; Survey Results Cite Leading Sources of Induced Stress, Anxiety, Depression

July 2020 — Survey set out to gain insight into Americans’ level of stress, anxiety and depression since the COVID-19 outbreak, the resources they are using or willing to use to manage these negative feelings, and their outlook for the future.

Quartz: Teletherapy is finally here to stay

July 2020 — For years, Universal Health Services, a healthcare service provider that treats millions of patients per year across 37 states, had a fairly limited telehealth platform. It was really only intended for rural patients, because that was the population the federal government would reimburse for, says Karen E. Johnson, senior vice president at UHS. Within a few weeks, the company built out its telehealth platform, a version of Zoom that complies with guidelines from the medical privacy law HIPAA, Johnson says. Soon hundreds of patients started using the tools—far more than she expected.

READ MORE AT BIZJOURNALS.COM →

Recent News Coverage: Universal Health Services announces Strategic Partnership with BAYADA Home Health Care

July 2020 — UHS and BAYADA Home Health Care announced today the signing of a definitive agreement to form a strategic partnership. The new joint venture entity will establish and operate Home Health Care services, providing patients with high-quality in-home care services including those to help them recover from an illness, injury or recent hospitalization.

Journal of Healthcare Contracting: A Continuous Journey

April 2020 — UHS has developed a robust way of identifying and developing talent. Raymond Davis, VP, Supply Chain, spoke with The Journal of Healthcare Contracting (JHC) about this process, and the benefits it can bring for healthcare supply chain teams and their overall organizations.

READ MORE AT BHBUSINESS.COM →

Behavioral Health Business: UHS Considering More Than 40 New Behavioral JV Opportunities

February 2020 — Universal Health Services has more than 40 behavioral health joint venture opportunities in the pipeline, on top of ten projects recently completed or in the works. CFO Steve Filton highlighted those opportunities Thursday morning during the company’s fourth-quarter and year-end 2019 earnings call.

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Recent News Coverage: Universal Health Services Partners With Premier Inc and Prestige Ameritech to Expand Domestic PPE Production

May 2020 — Universal Health Services (NYSE: UHS) partnered with Premier Inc, a leading healthcare improvement company, to acquire a minority stake in Prestige Ameritech, the largest domestic manufacturer of face masks, including N95 respirators and surgical masks.

New York Times: Inundated With Flu Patients, U.S. Hospitals Brace for Coronavirus

February 2020 — Some hospital executives downplayed concerns. “This is something we have a tremendous amount of experience with,” said Dr. Paul Stefanacci, the chief medical officer for acute care of Universal Health Services, a for-profit hospital chain. His company has increased its orders of supplies by 10 percent to handle any uptick in patients.

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Alan B. Miller Honored for UHS Collaboration with U.S. Military

December 2019 — Universal Health Services founder, chairman and CEO Alan B. Miller has been named as a recipient of the Admiral Charles LeMoyne Distinguished Civilian Award for 2019.

Recent News Coverage: Beaumont Health, Universal Health Services break ground on new mental health hospital

December 2019 — View media coverage about this exciting new Behavioral Health Partnership to serve patients and their families.

International Business Times: Longest Serving CEOs Globally in the S&P 500

February 2020 — With Les Wexner stepping down from L Brands, that makes Buffett, the longest-tenured CEO, according to Conference Board data cited by Business Insider. Buffett, 89, has been with Berkshire Hathaway for 50 years. After him, the longest-serving CEO is Alan B. Miller, who’s been with Universal Health Services for 42 years.

READ MORE AT MODERNHEALTHCARE.COM →

Recent News Coverage: Universal Health Services and Regent Surgical Health Announce National Partnership

October 2019 — View media coverage about this exciting new UHS Acute Care Partnership

Philadelphia Business Journal: Annual Ranking of Health Systems and Hospitals in the Philadelphia Region

November 2019 — Health Systems and Hospitals in the Philadelphia region ranked by total local licensed beds. UHS ranks at #6 with 1,317 licensed beds.

READ MORE AT BIZJOURNALS.COM →

Leaders Magazine: Delivering Superior Quality Care

October 2019 — Forty years ago, I founded Universal Health Services with six employees and one telephone. Along the way, through a combination of strategic acquisitions, establishment of new hospitals in key growth markets, and replacement of facilities previously owned by other less successful operators, we established ourselves and our reputation.

READ MORE AT BIZJOURNALS.COM →

NOAA satellite image showing Hurricane Dorian

CNBC: Hospitals gather supplies, prepare staff as Hurricane Dorian approaches Florida coast

August 2019 — Some of the nation’s largest investor-owned hospitals are working to gather supplies and prepare for Hurricane Dorian, which is rapidly approaching the Florida coast as a potentially devastating Category 4 storm.

READ MORE AT MODERNHEALTHCARE.COM →

Forbes: Alan B. Miller named to Forbes “America’s Most Innovative Leaders” Ranking for 2019

September 2019 — Business school professors Jeff Dyer and Nathan Furr teamed up with consultant Curtis Lefrandt to measure four essential leadership qualities of top founders and CEOs: media reputation for innovation, social connections, track record for value creation and investor expectations for value creation. The researchers then ranked these visionaries in a high-powered selection of 100 innovators at top U.S. companies.

READ MORE AT MODERNHEALTHCARE.COM →

Modern Healthcare: Q&A: ‘There isn’t this drive toward commonality’

July 2019 — Having sat on the other side of the table for many years, Howard Cutler is well situated to lead payer strategies for Universal Health Services, the nation’s fourth-largest for-profit hospital chain.

READ MORE AT MODERNHEALTHCARE.COM →

Modern Healthcare: Minicars let youngsters drive themselves to Texas OR

July 2019 — Children on the way to the operating room at Northwest Surgical Hospital in Amarillo, Texas, definitely have the right of way. That’s because they get to drive themselves to their procedure in one of three remote-controlled mini-cars recently donated to Northwest Texas Healthcare System.

READ MORE AT MODERNHEALTHCARE.COM →

Recent Media Coverage: UHS Receives Final Approval from City of West Allis to build a new behavioral health facility in Wisconsin

July 2019 — Read media coverage about this Behavioral Health Integration.

Becker’s Hospital Review: 100 hospital and health system CFOs to know | 2019

July 2019 — Becker's Healthcare is pleased to recognize 106 hospital and health system CFOs to know. The individuals featured on this list lead financial departments for large health systems as well as small community hospitals.

READ MORE AT BECKERSHOSPITALREVIEW.COM →

CBS 58: Proposal submitted for new West Allis Behavioral Health Hospital

June 2019 — Universal Health Services has submitted an offer to the City of West Allis Community Development Authority to buy land for a new behavioral health hospital.

READ MORE AT MODERNHEALTHCARE.COM →

Forbes: Hospital Operator Universal Invests In Vera Whole Health Primary Care

May 2019 — Universal Health Services is investing in Vera Whole Health as part of a partnership to add “advanced primary care services” to Universal’s network of hospitals and health facilities.

READ MORE AT FORBES.COM →

Philadelphia Business Journal: Ronald McDonald House completes historic $50M expansion

May 2019 — Ronald McDonald House has completed a $50 million project, the biggest expansion in its history, at its Chestnut Street facility in West Philadelphia. Called the Jill and Alan B. Miller Tower, the project involved the development of an eight-story, 93,000-square-foot structure that expanded the number of families with children receiving medical treatment at nearby hospitals that can stay at the facility.

READ MORE AT BIZJOURNALS.COM →

Philly Voice: University City Ronald McDonald House can now accommodate nearly three times as many families

May 2019 — For families touched by pediatric cancer and illness, Ronald McDonald Houses across the country oftentimes play an integral role.

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Modern Healthcare: Rock to Recovery unleashes power of music to help rehab patients

November 2018 — While many addiction treatment centers offer therapeutic sessions involving painting or yoga, former Korn guitarist Wesley Geer's Rock to Recovery puts music to work.

READ MORE AT MODERNHEALTHCARE.COM →

Recent Media Coverage: UHS Partners with Beaumont Health to Build New Behavioral Health Facility in Michigan

November 2018 — Read media coverage from around the country about this joint venture.

Modern Healthcare: Improving Outcome Measurement in Behavioral Healthcare — by Johan Smith

September 2018 — How we pay for healthcare, risk-adjust patient mix, and provide care are all critical components of the healthcare discussion. In the conversation, the simple parameter, “Did the patient get better?” seems to have been lost.

READ MORE AT BIZJOURNALS.COM →

Wisconsin Health News: Milwaukee County Mental Health Board Approves UHS Contract

September 2018 — The Milwaukee County Mental Health Board approved a contract with UHS to take on inpatient services now offered at the Mental Health Complex.

READ MORE ON WISCONSINHEALTHNEWS.COM →