User:Jwsamuel/Alan B. Miller

Alan B. Miller is a businessman who is the founder of Universal Health Services, Inc., and currently serves as the companies Chairman and Chief Executive Officer (CEO). MIller founded the company in 1978 and has guided its growth into one of the largest healthcare companies in the nation, with annuals revenues of more than $7 billion.

Early Years
Alan B. Miller was born in Brooklyn, NY on August 17, 1937. His father owned a dry cleaner store and his mother worked for a millinery company. As a youth, Miller enjoyed sports but also worked after-school jobs as a delivery clerk for a grocery store and for Western Union. Miller’s six foot-five inch height, love for the game of basketball and his performance that helped lead his high school team to a n undefeated season and a New York City championship in 1954 earned him a full scholarship to the University of Utah.

College Education
Miller transferred to the College of William and Mary in Williamsburg, Virginia, where he earned a bachelor’s degree in economics. He went on to earn a Master of Business Administration from the Wharton School of the University of Pennsylvania.

Military Service
While he was in college, Miller joined the U.S. Army Reserve Officer Training Corp (ROTC), and was commissioned as a Captain in the U.S. Army and served in the 77th Infantry division after he completed his education.

Early Career
Miller began his career in the advertising industry and quickly became a rising star at Young & Rubicam in New York, one of the industry’s largest advertising agencies. Much like the experience he gained playing basketball at the College of William & Mary, the time Miller spent at Y&R helped shape his future. As the agency’s youngest vice president, Miller learned about entrepreneurship and risk-taking as he worked with his clients, traits that he began to apply to his own work at the agency. For example, while he was at Y&R, Miller was instrumental in developing one of the first nationally syndicated television programs, a show called “Cooking With Graham Kerr.”

When his former Wharton roommate came to him in 1969 with an idea for a business, Miller’s entrepreneurial spirit took over and he decided to leave the advertising industry and his fast-paced career for a new venture. His new company, called American Medicorp, would build privately owned hospitals in high growth areas -- such as California, Nevada, Texas and Florida -- that had few hospitals.

Four years later, in 1973, the company was in financial trouble and Miller’s partner had parted ways with the company. Instead of giving in to financial adversity, Miller took over as CEO of American Medicorp and engineered a turnaround that brought him great attention within the healthcare industry. In fact, the turnaround brought so much attention that American Medicorp became the target of a hostile takeover by Humana in 1978. Faced with losing the company he had brought back from the brink of extinction, Miller fought Humana’s takeover bid as hard as he could. While he was ultimately not able to thwart the takeover, his efforts did force Humana to raise the price it paid for American Medicorp and generated additional money for all company shareholders.

Career
As his college athletics had taught him, Miller knew that whenever he got knocked down, the best thing he could do was get back up and start over. So the day after he lost American Medicorp to a hostile takeover, Alan B. Miller started a new company in the same industry. The new company was called Universal Health Services, Inc. (UHS) and was started with $3.2 million from venture capitalists and $750,000 put up by himself and several former American Medicorp employees who decided to follow Miller into his new venture.

Following the same formula for success that had helped him rebuild American Medicorp, Miller has transformed Universal Health Services, Inc. from a start-up company that had six employees and zero revenue in 1978 into a Fortune 500 company that is one of the nation’s largest healthcare corporations. The company currently owns 221 acute care hospitals and behavioral health facilities, has nearly 60,000 employees and generates annual revenues of more than $7.0 billion.

Current Position
There are few industries in the United States of America that are more difficult and more competitive than healthcare. Yet Universal Health Services, Inc., under the guidance Alan B. Miller, President, Chief Executive Officer and Chairman of the Board, has consistently been among the industry’s top performers.

Most recently, in the face of a slowing national economy and difficult conditions in the healthcare industry, UHS recorded all-time high earnings results. The company is considered a premier corporation in the for-profit hospital industry and expects to continue its focus on consistent growth and expansion.

Such high performance is not new to UHS. The company has consistently been a top performer on Wall Street and was named the Top Healthcare Provider by Fortune in 2003 for its compounded 20-percent annual growth from 1992 to 2002. UHS has also been named to the Forbes Platinum 400 list of best large companies in America for profitability and growth.

Miller has made integrity and ethics a foundation for himself and the company he runs. “I believe that reputation is one of the most important assets for any business and should be guarded carefully,” he says. “While it takes a lifetime to build a good reputation, it can vanish overnight.”

In addition to his work with UHS, Miller serves on the boards of directors of The Penn Mutual Life Insurance Company and Broadlane.

Key Civic Affiliations and Known Philanthropic Activities
Throughout his career, Alan Miller has been an ardent supporter of education for students of all economic backgrounds. He served on the executive board of the Wharton School of the University of Pennsylvania, and is currently a member of The Board of Overseers of the internationally known business school.

He has served as a trustee of the College of William & Mary Endowment Fund and is a life member of the college’s President’s Council. In 2007, the College of William & Mary announced the creation of the Alan B. Miller Center for Entrepreneurship in recognition of Miller’s extensive support for his alma mater. The center, as well as the entire Mason School of Business at the College of William & Mary, will be housed in the new Alan B. Miller Hall. Miller has also served as trustee of the William & Mary Endowment Fund and Is a life member of the school’s President’s Council.

In addition to his work with the business school at the College of William & Mary, Miller also funded the construction of the campus gymnasium and established liberal arts and basketball scholarships to honor his parents, Mary and Manuel. Miller’s involvement is not limited to colleges where he studied. For example, when the University of South Carolina Aiken needed help persuading the state legislature to fund the construction of a new building for its nursing school, he provided a significant financial gift that made it possible to get the remainder of the money it needed from the state of South Carolina. Today, the Alan B. Miller Nursing Building stands on the campus as a reminder of Alan's spirit of community involvement. In 1995 Miller received an Honorary Doctorate in Business Administration from the University of South Carolina Aiken.

He has also served as the chairman of the Philadelphia United Negro College Fund Corporate Campaign, and received that organizations Chairman’s Award in 1996. The Juvenile Diabetes Research Foundation, an organization in which he was active for years, has also honored Miller.

A lover of the opera, Miller is chairman emeritus of the Opera Company of Philadelphia and also serves as a director of the Kimmel Center for the Performing Arts in Philadelphia.

Awards
Miller’s success has not gone unnoticed. In April 1999, he received the first Lifetime Achievement Award from the Federation of American Health Systems in recognition of his work. Miller also received the FAHS Award for leadership in 1978. He was named Master Entrepreneur of the Year in 1991, an award sponsored by Ernst & Young and Merrill Lynch, and Financial World magazine listed him among the Outstanding 1000 CEOs in 1995 and 1996. He has also been one of Modern Healthcare magazine’s “100 Most Powerful People in Healthcare” every year since 2003.

In 1992 he was awarded an Honorary Doctorate from the University of South Carolina, and was awarded the Ellis Island Medal of Honor in recognition of his “exceptional humanitarian efforts and outstanding contributions to the country” through healthcare. He is a past recipient of the Americanism Award from the Anti–Defamation league.

In 1999, he 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, the Americanism Award of ADL and the Ellis Island Medal of Honor

In 2010, Miller received the Horatio Alger Award from the Horatio Alger Society, an organization that honors self-made successes who rose through adversity and provides scholarship money to encourage promising students to follow their dreams. Among the other recipients in 2010 were General Tommy Franks and Condoleezza Rice.