King of Prussia, Pa.-based Universal Health Services Chairman and CEO Alan Miller made more than $51.3 million last year, according to the company's annual proxy filing with the Securities and Exchange Commission.
That amount includes his base salary, realized gains on stocks and options, incentive compensation and payment for perks and personal benefits. In determining Mr. Miller's pay, UHS' compensation committee takes into account his role as founder of UHS in 1978 and his expertise, responsibilities and reputation in the hospital management industry, according to the proxy filing.
Mr. Miller's annual compensation makes him the hospital industry's highest-paid CEO, according to recent Axios report.
UHS reported strong financial performance in 2016. The company recorded net income of $702.4 million on revenues of $9.8 billion last year. That was an improvement from 2015 when the for-profit hospital operator posted net income of $680.5 million on revenues of $9.04 billion.
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