SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                -----------------


                                    FORM 8-K



                             Current Report Pursuant
                          to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934



                                 March 23, 2001



                          SIERRA HEALTH SERVICES, INC.
             (Exact Name of Registrant as Specified in Its Charter)


     Nevada                          1-8865                    88-0200415
----------------------------    ------------------           -----------------
(State or Other Jurisdiction   (Commission File Number)       (IRS Employer
    of Incorporation)                                        Identification No.)


         2724 North Tenaya Way
             Las Vegas, Nevada                                 89128
----------------------------------------                     -----------------
(Address of principal executive offices)                     (Zip Code)


Registrant's telephone number, including area code:            (702) 242-7000










                        Item 9. Regulation FD Disclosure

On  Tuesday,  March 27,  2001,  members of senior  management  of Sierra  Health
Services,  Inc.,  or  Sierra,  are  scheduled  to present at the Banc of America
Securities Healthcare Conference in Las Vegas, Nevada.  Sierra's presentation is
expected to begin at approximately  11:40 a.m.,  Eastern Standard Time, and will
be made  available  through a live Internet web cast by clicking on the Investor
Relations link at www.sierrahealth.com.

Anyone listening to Sierra's presentation will be presumed to have read Sierra's
Annual  Report  on Form  10-K  for the  year  ended  December  31,  1999 and the
Quarterly  Reports on Form 10-Q for the quarterly  periods ended March 31, 2000,
June 30, 2000 and September 30, 2000.

Any statements made or issued that are not historical facts are  forward-looking
and should be  considered  in  connection  with  certain  cautionary  statements
contained  in our  Current  Report  on Form  8-K  dated  March  20,  2001.  Such
statements  are made  pursuant to the "safe  harbor"  provisions  of the Private
Securities  Litigation  Reform Act of 1995 and identify  important  risk factors
that could cause our actual results to differ materially from those expressed in
any projected, estimated or forward-looking statements relating to Sierra.


                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                  SIERRA HEALTH SERVICES, INC.
                                  -----------------------------------
                                  (Registrant)


Date:  March 23, 2001             /S/ PAUL H. PALMER
                                  -----------------------------------
                                  Paul H. Palmer
                                  Vice President
                                  Chief Financial Officer and Treasurer
                                  (Chief Accounting Officer)