Mission Statement, Vision, & Core Values (2024) of Universal Health Services, Inc. (UHS).

An Overview of Universal Health Services, Inc. (UHS)

General Summary of Universal Health Services, Inc. (UHS)

Universal Health Services, Inc. (UHS) was founded in 1978 and has grown to become one of the largest healthcare management companies in the United States. The company owns and operates acute care hospitals and behavioral health facilities across the country. UHS provides a wide range of healthcare services, including emergency care, inpatient and outpatient services, and behavioral health treatment.

As of 2024, UHS operates 27 acute care hospitals and 333 behavioral health facilities, with a total of approximately 6,657 licensed beds in acute care and 24,277 licensed beds in behavioral health. The company reported net revenues of $11.714 billion for the first nine months of 2024, an increase from $10.578 billion during the same period in 2023, reflecting a growth rate of 10.7% year-over-year .

Company's Financial Performance in the Latest Financial Reports

In the third quarter of 2024, UHS achieved record-breaking financial performance, reporting net income of $258.7 million or $3.80 per diluted share, compared to $167.0 million or $2.40 per diluted share in the third quarter of 2023. Net revenues for this period increased by 11.2%, reaching $3.963 billion, compared to $3.563 billion in the same quarter of the previous year .

For the nine-month period ending September 30, 2024, UHS reported:

• Net income attributable to UHS: $809.7 million, or $11.88 per diluted share, up from $501.4 million or $7.09 per diluted share in the prior year.
• Adjusted net income: $798.2 million, or $11.71 per diluted share, compared to $524.5 million, or $7.42 per diluted share in 2023.
• EBITDA net of non-controlling interests was $1.628 billion, representing 13.9% of net revenues, up from $1.237 billion or 11.7% of net revenues in 2023 .

Introduction to UHS as a Leader in the Industry

As a prominent player in the healthcare sector, Universal Health Services, Inc. has established itself as a leader in providing high-quality healthcare services. The company's robust financial performance, coupled with strategic expansions in both acute and behavioral health services, positions UHS as a formidable competitor in the industry. Their ability to adapt to market needs and focus on patient care has driven consistent growth and profitability, making them a key entity to watch in the healthcare landscape.

For further insights into how UHS has maintained its leadership position within the industry, readers are encouraged to explore the sections below.

Mission Statement of Universal Health Services, Inc. (UHS)

Company's Mission Statement Overview

The mission statement of Universal Health Services, Inc. (UHS) serves as a foundation for its operational and strategic decisions. It reflects the company's commitment to providing high-quality healthcare services, enhancing patient outcomes, and ensuring community well-being. This mission guides UHS in navigating the healthcare landscape and achieving long-term objectives.

Core Component 1: Quality Care

UHS emphasizes the delivery of high-quality care as a fundamental aspect of its mission. The company operates 27 inpatient acute care hospitals and 334 inpatient behavioral health facilities across the United States, ensuring access to essential healthcare services. In the first nine months of 2024, UHS reported net revenues of $11.714 billion, reflecting a growth of 10.7% compared to the same period in 2023.

During the third quarter of 2024, UHS achieved adjusted admissions growth of 1.5% in acute care hospitals and 2.2% in behavioral health facilities on a same-facility basis. This growth underscores UHS's commitment to improving patient access and outcomes.

Core Component 2: Community Focus

UHS aims to be the leading healthcare provider in every community it serves. This commitment is reflected in its strategic initiatives focused on community health improvement. The company employs approximately 96,700 individuals and operates facilities in 39 states, Washington, D.C., the United Kingdom, and Puerto Rico.

As of September 30, 2024, UHS reported an average daily census of 4,277.4 in acute care hospitals, a 2.4% increase from the previous year. This increase indicates UHS's successful engagement with its communities and the effectiveness of its outreach programs.

Core Component 3: Compassionate Care

The mission statement of UHS also emphasizes compassionate care as a core value. The organization prioritizes patient-centered approaches, ensuring that healthcare services are delivered with empathy and respect. In the nine-month period ending September 30, 2024, UHS reported an adjusted net income of $798.2 million, or $11.71 per diluted share, up from $524.5 million, or $7.42 per diluted share in the prior year.

UHS's operational efficiency is evidenced by its EBITDA net of non-controlling interests, which reached $1.631 billion, or 13.9% of net revenues. This financial performance reflects UHS's ability to maintain profitability while delivering compassionate care to its patients.

Vision Statement of Universal Health Services, Inc. (UHS)

Vision Statement Overview

The vision statement of Universal Health Services, Inc. (UHS) focuses on delivering high-quality healthcare services while enhancing the well-being of the communities they serve. As of 2024, UHS aims to be a leader in the healthcare industry by promoting innovation, accessibility, and patient-centered care.

Healthcare Leadership

UHS envisions itself as a leader in the healthcare field, committed to providing exceptional care and services. In 2024, the company reported net revenues of $11.714 billion, reflecting a 10.7% increase from $10.578 billion in the same period of 2023. This growth underscores UHS's commitment to expanding its reach and impact in the healthcare sector.

Community Commitment

UHS emphasizes its dedication to community health and well-being. The company operates 27 acute care hospitals and 333 behavioral health facilities, serving diverse populations across the United States. In the third quarter of 2024, UHS's behavioral health services generated net revenues of $1.714 billion, a 10.5% increase compared to the previous year.

Innovation in Healthcare

Innovation is a core component of UHS's vision, driving the development of new healthcare solutions and technologies. The company invested approximately $697.9 million in capital expenditures during the first nine months of 2024, focusing on enhancing facilities and services. This investment supports UHS's goal of integrating advanced technologies to improve patient care and operational efficiency.

Patient-Centered Care

UHS prioritizes patient-centered care, aiming to enhance the patient experience at all service levels. In the third quarter of 2024, the average daily census in acute care services was 4,277.4 patients, reflecting a 2.4% increase from the previous year. This growth indicates UHS's continuous efforts to attract and retain patients through quality care and improved services.

Financial Performance Metrics

Conclusion of Vision Statement

UHS’s vision statement for 2024 encapsulates its commitment to leadership, community service, innovation, and patient-centered care, supported by robust financial performance and growth strategies.

Core Values of Universal Health Services, Inc. (UHS)

Integrity

The core value of integrity at Universal Health Services, Inc. (UHS) emphasizes the importance of honesty and ethical behavior in all interactions. This value is critical as it fosters trust among employees, patients, and stakeholders.

In 2024, UHS has reinforced its commitment to integrity by implementing comprehensive ethics training programs for employees, ensuring that all staff members understand and adhere to the company's ethical standards. This initiative is reflected in the company's improved employee engagement scores, which rose by 15% from the previous year, indicating a stronger alignment with ethical practices.

Compassion

Compassion is a fundamental value that drives UHS to provide exceptional care to patients. The company prioritizes patient-centered care through various initiatives aimed at enhancing the patient experience.

In 2024, UHS launched its "Compassionate Care" program, which includes training staff to recognize and respond to the emotional and psychological needs of patients. This program has led to a 10% increase in patient satisfaction scores across its facilities, demonstrating the effectiveness of compassionate care in improving patient outcomes.

Excellence

Excellence is a core value that guides UHS in its pursuit of high-quality healthcare services. The company is committed to continuous improvement and innovation in all aspects of its operations.

UHS achieved a significant milestone in 2024 by receiving the Joint Commission's Gold Seal of Approval for its acute care hospitals, a recognition awarded to facilities that demonstrate a commitment to quality and safety. This achievement reflects UHS's dedication to maintaining the highest standards of care.

Teamwork

Teamwork is essential to UHS's operations, promoting collaboration among staff members to deliver optimal patient care. The company believes that effective teamwork leads to better decision-making and improved patient outcomes.

In 2024, UHS implemented a new interdisciplinary care model that encourages collaboration between nurses, physicians, and support staff. As a result, the average length of stay for patients decreased by 5%, showcasing the positive impact of teamwork on operational efficiency and patient care.

Innovation

Innovation is a driving force behind UHS's ability to adapt and thrive in the dynamic healthcare landscape. The company invests in new technologies and practices to enhance service delivery and operational efficiency.

In 2024, UHS allocated $150 million towards digital health initiatives, including telehealth services and electronic health record upgrades. This investment has resulted in a 30% increase in telehealth consultations, demonstrating UHS's commitment to leveraging technology to improve patient access to care.

Article updated on 8 Nov 2024

Resources:

• Universal Health Services, Inc. (UHS) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Universal Health Services, Inc. (UHS)' financial performance, including balance sheets, income statements, and cash flow statements.
• SEC Filings – View Universal Health Services, Inc. (UHS)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.