Index scores how well companies drive positive career outcomes for employees
King of Prussia, PA (December 13, 2023) — Universal Health Services (NYSE: UHS) today announced it appears on the American Opportunity Index. The Index scores how well America’s largest companies drive economic mobility and positive career outcomes for their employees — actions that can help fuel business performance. Within the Healthcare category, UHS ranks at #45; within the Medical Care Facilities category, UHS ranks at #2.
This year’s Index measures the career trajectories of nearly five million employees at 396 of America’s largest companies using independent data.
Burning Glass Institute and Harvard Business School’s Project on Managing the Future of Work used millions of online profiles and other data sources, mostly for 2018 to 2022, to analyze how workers at companies in the Fortune 500 fared. It assigned scores to 13 measures—such as how many promotions employees received, wages and pay increases, and the average time it took to move up one job level—to arrive at an overall score. The index includes 396 companies; 104 were left off the final ranking because sufficient data wasn’t available or because they ceased operations in the past year.
To focus on workers who benefit most from upward mobility, the analysis only included data for occupations in which at least 30% of workers nationally lack a college degree, based on Labor Department data. That allowed the analysis of career trajectories of, for example, retail store managers, customer-service representatives and web developers, but not lawyers or software engineers. With this approach, the index compared people in similar roles across companies and industries: administrative assistants at Apple were compared with administrative assistants at Target and Pfizer, for example.
The data have limitations: Online data misses some employees and might reflect some jobs more than others. College-educated workers are more likely to maintain online professional profiles than those with an associate degree or less. The study incorporated thresholds in determining which companies and occupations to include, and said the limitations applied more or less equally across the companies in the index.
About Universal Health Services
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 into an esteemed Fortune 500 corporation, our annual revenues during 2022 were approximately $13.4 billion. In 2023, UHS was again recognized as one of the World’s Most Admired Companies by Fortune; ranked #311 on the Fortune 500; and ranked #434 among U.S. companies on Forbes Global 2000 World’s Largest Public Companies.
Our operating philosophy is as effective today as it was upon the Company’s founding in 1979, enabling us to provide compassionate care to our patients and their loved ones. Our strategy includes building or acquiring high quality hospitals in rapidly growing markets, investing in the people and equipment needed to allow each facility to thrive, and becoming the leading healthcare provider in each community we serve.
Headquartered in King of Prussia, PA, UHS has approximately 94,000 employees and through its subsidiaries operates 27 inpatient acute care hospitals, 331 inpatient behavioral health facilities, nearly 40 outpatient facilities and ambulatory care access points, an insurance offering, a physician network and various related services located in 39 U.S. states, Washington, D.C., Puerto Rico and the United Kingdom. It acts as the advisor to Universal Health Realty Income Trust, a real estate investment trust (NYSE: UHT).