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Universal Health Services CEO suggests ways to fix healthcare

By The Inquirer  
   May 13, 2011

Alan B. Miller does not lack confidence. The CEO of Universal Health Services Inc. sat in a conference room last week at the company's King of Prussia headquarters and was a bit surprised at the simple question of how his Fortune 500 company produced an operating margin of 18% last quarter. "Well," Miller sniffed, "we've been in business for 32 years and we've had a lot of good quarters." Miller's company runs and builds hospitals, with efficiency and acquisition being the path to profitability. UHS has acute-care hospitals, ambulatory centers, and behavioral facilities. It acquired 95 more in November when it bought Psychiatric Solutions Inc. for $3.1 billion, bringing the total to 218 facilities, including 10 in Pennsylvania and two in New Jersey.

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