Alan B. Miller (born August 17, 1937) is an American

businessman A businessperson, businessman, or businesswoman is an individual who has founded, owns, or holds shares in (including as an angel investor) a private-sector company. A businessperson undertakes activities (commercial or industrial) for th ...

who is the founder of

Universal Health Services Universal Health Services, Inc. (UHS) is an American Fortune 500 company that provides hospital and healthcare services, based in King of Prussia, Pennsylvania. In 2021, its annual revenues were $12.6 billion. Company history Alan B. Miller, ...

, and currently serves as the company's executive chairman. Miller founded the company in 1979 and it has grown to become a large provider of hospital and

healthcare Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...

services in the US and the UK. In September 2020, UHS announced that Miller would step down as CEO.

Early years

Miller was born in

Brooklyn Brooklyn () is a borough of New York City, coextensive with Kings County, in the U.S. state of New York. Kings County is the most populous county in the State of New York, and the second-most densely populated county in the United States, be ...

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

on August 17, 1937. His father owned a

dry cleaner Dry cleaning is any cleaning process for clothing and textiles using a solvent other than water. Dry cleaning still involves liquid, but clothes are instead soaked in a water-free liquid solvent. Tetrachloroethylene (perchloroethylene), known in ...

store and his mother worked for a

millinery Hat-making or millinery is the design, manufacture and sale of hats and other headwear. A person engaged in this trade is called a milliner or hatter. Historically, milliners, typically women shopkeepers, produced or imported an inventory of g ...

company. As a youth, Miller enjoyed playing sports and worked for a delivery clerk for a grocery store. He also worked for

Western Union The Western Union Company is an American multinational financial services company, headquartered in Denver, Colorado. Founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company in Rochester, New York, the company chang ...

.''Caring Long Term'' (22 November 2010)

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, p. 44

Career

In 1973, the company was in financial trouble and Miller's partner had left the company. Miller took over as CEO of American Medicorp and engineered a turnaround that brought attention within the

healthcare industry The healthcare industry (also called the medical industry or health economy) is an aggregation and integration of sectors within the economic system that provides goods and services to treat patients with curative, preventive, rehabilitative, a ...

. American Medicorp became the target of a

hostile takeover In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to ...

Humana Humana Inc. is a for-profit American health insurance company based in Louisville, Kentucky. In 2021, the company ranked 41 on the Fortune 500 list, which made it the highest ranked (by revenues) company based in Kentucky. It has been the thir ...

in 1978. Miller transformed

, Inc. from a

start-up company A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend t ...

that had six employees and zero revenue in 1979 into a

Fortune 500 The ''Fortune'' 500 is an annual list compiled and published by ''Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along ...

company that is one of the nation's largest healthcare corporations. In September 2020 UHS announced that Alan B. Miller would step down as CEO.

Awards

In 1999, Miller received the William & Mary Medallion, the highest award presented to alumni. In October 2007, the college awarded him the T.C. and Elizabeth Clarke Business medallion, the school's highest honor for business achievement. Miller received the George Washington University President's Medal in 2002. He also received the Chairman's Award from the United Negro College Fund. In 2010, Miller received the Horatio Alger Award from the

Horatio Alger Association The Horatio Alger Association of Distinguished Americans is a nonprofit organization based in Alexandria, Virginia, that was founded in 1947 to honor the achievements of outstanding Americans who have succeeded in spite of adversity and to emphas ...

. In 2019, Miller was presented with the Distinguished Citizen Award from the Freedoms Foundation of Valley Forge, Pa. for his commitment to healthcare, serving others, and his civic leadership. In 2019, Alan B. Miller received the Distinguished Civilian Award from the Ben Franklin Global Forum in recognition of his leadership and accomplishments in providing behavioral healthcare to active duty military, veterans and their families. Miller has been the list of ''

Modern Healthcare ''Modern Healthcare'' is a twice monthly business publication targeting executives in the healthcare industry. It is an independent American publisher of national and regional healthcare news. The publication is also known for providing statistic ...

'' magazine's "100 Most Powerful People in Healthcare" for 17 consecutive years since 2003.

CEO

Financial World ''Financial World'' was an American magazine for investors from 1902 to 1998. It was originally issued weekly, and later every two weeks. In the magazine's later years of publication, its signature issue was the "Sports Franchise Valuation Issue". ...

'' magazine listed Miller among the Outstanding 1000 CEOs in 1995 and 1996. In October 2014, Miller was awarded the Innovator Award, Healthcare CEO of the Year by Philadelphia Business Journal. In May 2015, Miller was named to Wall Street Journal's "America's Longest-Serving CEO's." In 2015, Miller was also named among CR Magazine's 2015 Responsible CEOs of the Year. In 2019, Alan B. Miller was named to the Forbes "America's Most Innovative Leaders" ranking (#95). The ranking is created by the Forbes editorial team. In 2019, Alan B. Miller was named to the Philadelphia Business Journal 2019 Most Admired CEOs list. In 2019, Alan B. Miller was named to the Fox Business list of 10 military veterans who became CEOs of Fortune 500 companies. In 2020, Alan B. Miller was highlighted in Wall Street Journal article: New Thinking Emerges on Optimal Tenure for a CEO. In 2020, Alan B. Miller was named to the longest living CEOs globally in the S&P 500 by International Business Times.

References

External links

Universal Health Services, Inc. website
{{DEFAULTSORT:Miller, Alan B. Living people 1937 births Businesspeople from Brooklyn University of Utah alumni College of William & Mary alumni Wharton School of the University of Pennsylvania alumni American chief executives of Fortune 500 companies American health care chief executives