Common Well being Providers founder and longtime CEO Alan Miller will step down and get replaced by his son beneath a long-standing succession plan, the corporate introduced Tuesday.
Marc Miller, who presently serves as president of the King of Prussia, Pa.-based hospital chain, will assume the CEO position in January 2021. Alan Miller will proceed in his position as government chairman of UHS’ board along with different administration obligations.
“Over the previous 4 many years, we now have labored arduous to ship upon our mission, take care of sufferers in the simplest method, develop strategically and search alternatives,” Alan Miller stated in an announcement. “I’m personally fairly pleased with the care we now have delivered to hundreds of thousands of people, and I’m grateful for the group of devoted professionals at UHS who’ve given a lot to so many.”
Alan Miller based UHS in 1979 with six staff. In 2020, Fox Enterprise acknowledged him because the second longest-serving CEO within the U.S. Fashionable Healthcare has positioned him on its 100 Most Influential Individuals in Healthcare record for the previous 17 years.
Alan Miller will even proceed to function CEO, president and chairman of Common Well being Realty Revenue Belief, an actual property funding belief that has 71 actual property investments throughout 20 states. He based the corporate in 1986.
The elder Miller graduated from the School of William and Mary in Virginia after which went on to serve within the U.S. Military. He earned an MBA from the Wharton Faculty of the College of Pennsylvania.
Marc Miller has led UHS’ enterprise operations, together with government oversight of each its acute-care and behavioral well being divisions. He’s additionally a member of the corporate’s board.
In his greater than 25 years with UHS, Marc Miller has held a wide range of management positions. Previous to turning into president, he was the corporate’s senior vp and president of its acute-care division.
Marc Miller earned an MBA from the College of Pennsylvania’s Wharton Faculty and a bachelor’s diploma from the College of Vermont.
“UHS’ status as a financially steady, modern and award-winning healthcare firm will proceed,” Marc Miller stated in an announcement.
UHS lately reached a pair of settlements protecting 19 False Claims Act instances during which whistleblowers accused the corporate’s behavioral well being division of holding sufferers longer than needed and admitting sufferers who did not want inpatient care in a scheme to maximise revenue. UHS can pay $122 million to settle these instances, which allege years of misconduct.
UHS has held regular in the course of the pandemic, rising its revenue 6.three% within the second quarter, a bump due partly to federal stimulus grants.