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Mental health staff shortages 'single biggest headwind' to UHS' volume recovery


Mental health staff shortages single biggest headwind to UHS volume recovery
Mental health staff shortages single biggest headwind to UHS volume recovery
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Staff shortages across Universal Health Services behavioral health hospitals are the single biggest headwind the company faces to returning to pre-pandemic volumes, its finance chief said Tuesday.
The King of Prussia, Pa.-based acute-care and behavioral health provider simply can t pay enough to get sufficient personnel into some of its hospitals, Chief Financial Officer Steve Filton said on the company s first-quarter earnings call.
It s certainly the single biggest focus of our operators as we turn our attention to what we need to do to both recruit and retain the proper amount of nurses, he said. ....

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Outgoing UHS chief made almost 50% less in 2020


Kris Tripplaar/Sipa USA
Universal Health Services outgoing CEO made a lot less money in his final year at the helm of the company he founded more than four decades ago.
Alan Miller, who transitioned to the executive chairman role at the beginning of 2021, wasn t alone. All five of the top executives listed in the King of Prussia, Pa.-based acute-care and behavioral health chain s proxy statement made less money in 2020. That was mostly because their stock options were worth less, but also because the investor-owned company scrapped incentive pay amid the COVID-19 pandemic.
Miller s total compensation was $13.2 million in 2020, down 46% from the prior year, when he made almost $24.5 million. More than $9 million of that decline was because Miller s stock options weren t worth as much as they were in 2019. UHS stock lost 4.2% of its value over the course of 2020, closing at $135.93 on Dec. 30, 2020. ....

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