KING OF PRUSSIA, Pa. (February 26, 2024) — Universal Health Services, Inc. (NYSE: UHS), one of the nation’s largest and most respected providers of hospital and healthcare services, is pleased to announce it has once again been selected by Fortune as one of the "World's Most Admired Companies" in 2024. Fortune polled over 3,700 corporate executives, directors and analysts to find out which companies are the world’s corporate role models.
The list measures a company's fiscal management, services provided and its sustained commitment to social responsibility. The ranking is considered the gold standard for corporate reputation.
“This is the 14th year that UHS has been named to the Fortune ranking in recognition of our leadership position in the healthcare industry and the delivery of quality care,” said Marc D. Miller, President and CEO, UHS. “Our foundation is strong with a clear trajectory for future growth. Most importantly, we are supported by dedicated employees who work hard to improve and save lives every day. We look forward to continuing the journey.”
National, state and local organizations honor UHS employees and facilities for achieving excellence in clinical measures, quality metrics and for its commitment to community service.
View the full list at fortune.com →
Fortune Methodology
How we determine the list
As we have in the past, Fortune collaborated with our partner Korn Ferry on this survey of corporate reputations. We began with a universe of about 1,500 candidates: the 1,000 largest U.S. companies ranked by revenue, along with non-U.S. companies in Fortune’s Global 500 database that have revenues of $10 billion or more. We winnowed the assortment to the highest-revenue companies in each industry, a total of 660 in 29 countries. The top-rated companies were picked from that pool of 660; the executives who voted work at the companies in that group.
To determine the best-regarded companies in 52 industries, Korn Ferry asked executives, directors, and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. A company’s score must rank in the top half of its industry survey to be listed. (For complete rankings, visit fortune.com).
Results were not published in the following categories due to insufficient response rates: Food and Drug Stores, Mining-Crude Oil Production, Motor Vehicles, Network and Communications Equipment, Wholesalers: Health Care.
To select our 50 All-Stars, Korn Ferry asked 3,720 executives, directors, and securities analysts who had responded to the industry surveys to select the 10 companies they admired most. They chose from a list made up of the companies that ranked in the top 25% in last year’s surveys, plus those that finished in the top 20% of their industry. Anyone could vote for any company in any industry.
The difference in the voting rolls explains why some results can seem at odds with each other. For example, Lockheed Martin fell off the All-Star list but ranked No. 1 within the aerospace and defense category when votes from only those in that industry were counted.
