Universal Health Services Releases 2024 Annual Report
Universal Health Services (NYSE: UHS), one of the nation’s largest and most respected providers of hospital and healthcare services, has unveiled its 2024 Annual Report, underscoring the company’s significant achievements and commitment to delivering high-quality healthcare across the globe.
In 2024, UHS demonstrated strong operational performance, with its expansive network of subsidiaries caring for nearly 3.7 million patients. The company continues to make a profound impact on healthcare delivery, employing approximately 99,000 individuals worldwide, including 23,000 nurses. UHS also reported revenues of $15.8 billion for the year, reflecting an impressive 11% growth compared to the previous year. This growth reinforces UHS’s continued success and its strategic focus on expanding and improving its healthcare services.
Key Divisional Highlights
Acute Care Division
The Acute Care Division, a cornerstone of UHS’s operations, saw substantial activity in 2024. The division recorded 331,000 inpatient admissions and 1.6 million patient days, along with 1.7 million emergency room (ER) visits. Additionally, UHS’s Acute Care Division handled 34,900 deliveries, marking another year of strong service to families and patients in need. The division also made significant strides in expanding its Accountable Care Organizations (ACOs), a key initiative that aims to improve patient care while reducing healthcare costs.
Behavioral Health Division
The Behavioral Health Division of UHS also showed considerable growth in 2024. This division served approximately 730,000 patients and provided 5.5 million patient days in the U.S. alone. UHS continued to enhance its behavioral health services by adding 164 inpatient beds at both new and existing facilities, increasing its capacity to serve more individuals in need of mental health support. Notably, UHS’s Patriot Support Programs played a vital role in providing specialized care to over 17,800 active-duty military personnel, veterans, and their families at 34 facilities, reflecting the company’s ongoing commitment to supporting those who serve in the military.
A Milestone Year: 45th Anniversary
2024 marked a significant milestone for Universal Health Services as the company celebrated its 45th anniversary. Since acquiring its first hospital in 1979, UHS has maintained a strong commitment to its mission of delivering superior quality healthcare services. This mission is focused on providing care that patients recommend to their families, physicians prefer for their patients, purchasers select for their clients, employees are proud of, and investors seek for long-term returns. Over the years, UHS has earned a reputation as a trusted healthcare provider and a valued partner in the communities it serves. This legacy continues to be a source of pride for both the organization and its dedicated workforce.
Financial Performance and Recognition
UHS’s robust financial performance in 2024 further illustrates the company’s position as a leader in the healthcare industry. With annual revenues of approximately $15.8 billion, UHS continues to demonstrate its operational strength and market leadership. The company has also garnered recognition for its corporate excellence. In 2024, UHS was once again named one of Fortune magazine’s “World’s Most Admired Companies.” Additionally, UHS ranked #299 on the Fortune 500 list and #399 on Forbes’ Global 2000 list of the world’s largest public companies, cementing its status as an influential player in the global healthcare sector.
Commitment to Growth and Quality Care
Since its founding in 1979, UHS has consistently adhered to a philosophy of compassionate care and operational excellence. The company’s growth strategy has focused on building or acquiring high-quality hospitals in rapidly growing markets, investing in people and equipment to ensure each facility’s success, and becoming the leading healthcare provider in each community served. UHS’s commitment to growth is evident in its expansive operations, which now span 39 U.S. states, Washington, D.C., Puerto Rico, and the United Kingdom.
UHS operates 28 inpatient acute care hospitals, 331 inpatient behavioral health facilities, nearly 60 outpatient facilities, and a range of other healthcare services, including a physician network and insurance offerings. Through its subsidiaries, the company serves millions of patients each year, making a meaningful difference in the lives of individuals and families across the globe.
About Universal Health Services
Headquartered in King of Prussia, PA, Universal Health Services, Inc. has grown into one of the nation’s largest healthcare providers since its inception. With approximately 99,000 employees, UHS operates a broad network of healthcare facilities across the U.S. and internationally, demonstrating its ongoing commitment to providing quality care. Additionally, UHS serves as the advisor to Universal Health Realty Income Trust, a real estate investment trust, further expanding its influence in the healthcare and real estate sectors.
