-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 H4nlSiqlXx14rBwrAzcVwDTkYOipy0mtoBayBtC3GLDLxmwCK3T8Xv8UT08otP1a
 hwr4TFmJk48xi0/cP24m8A==

<SEC-DOCUMENT>0001181431-04-003986.txt : 20040123
<SEC-HEADER>0001181431-04-003986.hdr.sgml : 20040123
<ACCEPTANCE-DATETIME>20040123095054
ACCESSION NUMBER:		0001181431-04-003986
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040121
FILED AS OF DATE:		20040123

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HOTZ ROBERT H
		CENTRAL INDEX KEY:			0001079806

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10765
		FILM NUMBER:		04539290

	BUSINESS ADDRESS:	
		STREET 1:		C/O MIKASA
		STREET 2:		20633 S FORDYCE AVENUE
		CITY:			LONG BEACH
		STATE:			CA
		ZIP:			90810

	MAIL ADDRESS:	
		STREET 1:		C/O MIKASA
		STREET 2:		20633 S FORDYCE AVENUE
		CITY:			LONG BEACH
		STATE:			CA
		ZIP:			90810

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNIVERSAL HEALTH SERVICES INC
		CENTRAL INDEX KEY:			0000352915
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-GENERAL MEDICAL & SURGICAL HOSPITALS, NEC [8062]
		IRS NUMBER:				232077891
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		367 S GULPH RD
		CITY:			KING OF PRUSSIA
		STATE:			PA
		ZIP:			19406
		BUSINESS PHONE:		6107683300

	MAIL ADDRESS:	
		STREET 1:		367 S GULPH ROAD
		CITY:			KING OF PRUSSIA
		STATE:			PA
		ZIP:			19406
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd29648.xml
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2004-01-21</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000352915</issuerCik>
        <issuerName>UNIVERSAL HEALTH SERVICES INC</issuerName>
        <issuerTradingSymbol>UHS</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001079806</rptOwnerCik>
            <rptOwnerName>HOTZ ROBERT H</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>HOULIHAN LOKEY HOWARD &amp; ZUKIN</rptOwnerStreet1>
            <rptOwnerStreet2>685 THIRD AVENUE</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><derivativeTable><derivativeTransaction><securityTitle><value>Phantom Stock</value></securityTitle><conversionOrExercisePrice><footnoteId id="F1"/></conversionOrExercisePrice><transactionDate><value>2004-01-21</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>69</value></transactionShares><transactionPricePerShare><value>54.22</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><footnoteId id="F2"/></exerciseDate><expirationDate><footnoteId id="F2"/></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Class B Common Stock</value></underlyingSecurityTitle><underly
ingSecurityShares><value>69</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>3912.084</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction></derivativeTable><footnotes><footnote id="F1">1 for 1</footnote><footnote id="F2">These shares of Phantom Stock are payable in cash, pursuant to the UHS Deferred Compensation Plan for UHS Board of Directors (the "Plan").  1/5 of these shares of Phantom Stock are payable annually based on the closing price of the Common Stock on December 31 for each of 2008, 2009, 2010, 2011 and 2012.</footnote></footnotes><ownerSignature><signatureName>Robert H. Hotz</signatureName><signatureDate>2004-01-23</signatureDate></ownerSignature></ownershipDocument>



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</SEC-DOCUMENT>
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