All such estimates, projections, and forward-looking information speak only as of the date hereof, and Encompass Health undertakes no duty to publicly update or revise such forward-looking information, whether as a result of new information, future events, or otherwise. Find top employees, contact details and business statistics at RocketReach. Items not indicative of ongoing operating performance: Change in fair market value of equity securities, Income from continuing operations attributable to Encompass Health, Encompass Health Corporation and SubsidiariesSupplemental InformationAdjusted Earnings Per Share, Bondholder consent fees associated with Enhabit distribution. See also the Other information section below for an explanation of why the Company does not provide guidance for comparable GAAP measures for Adjusted EBITDA and adjusted earnings per share. As a national leader in integrated healthcare services, Encompass Health (NYSE: EHC) offers both facility-based and home-based patient care through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. It also provides treatment on both an inpatient and outpatient basis. (Opens in new window), Visit us on Facebook. With a national footprint that includes 145 hospitals and 251 home health Company Description: Encompass Health is the nation's largest owner and operator of inpatient rehabilitation hospitals in terms of patients treated, revenues, and number of hospitals. At second-quarter end, it had cash and cash equivalents of $117.5 million while long . Caregiver App Keeps Patients and Caregivers Connected See attached supplemental information for calculations of non-GAAP measures and reconciliations to their most comparable GAAP measure. Enhabits historical results are reported in Encompass Healths discontinued operations for all periods represented. Adjusted EPS may not sum across due to rounding. Please call approximately ten minutes before the start of the call to ensure you are connected. Revenue in the quarter ending June 30, 2023 was $1.19B with 11.73% year-over-year growth. Encompass Health is the largest owner and operator of rehabilitation hospitals in the United States. Inpatient rehabilitation hospital and home health operator Encompass Health had a minor increase in its 2020 fourth quarter net operating revenue but predicts it will have a stronger 2021,. The company delivers high-quality, cost-effective, integrated care in the healthcare space. It offers both facility-based and home-based patient care through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. General and administrative expenses in the above table exclude $13.3 million in costs associated with the strategic alternatives review of the Companys home health and hospice business for the fourth quarter of 2021. For reference during the call, the Company will post certain supplemental information at http://investor.encompasshealth.com. Encompass Health reports results for fourth quarter 2021 and issues 31, 2020 and Form 10-Q for the quarter ended March31, 2021, when filed. Encompass Health, which belongs to the Zacks Medical - Outpatient and Home Healthcare industry, posted revenues of $1.21 billion for the quarter ended December 2020, surpassing the Zacks Consensus . "Our first quarter performance was characterized by promising volume trends that are contributing to solid revenue and EBITDA growth. Inpatient Rehabilitation | Encompass Health Total discharge growth for the fourth quarter of 2022 was 7.3% with same-store growth of 4.2%. In addition, the Company will post supplemental information today on its website at http://investor.encompasshealth.com for reference during its February2, 2022 earnings call. Revenue - Inpatient revenue growth resulted from favorable pricing partially offset by decreased volumes.New-store discharge growth of 0.9% resulted from a joint venture in Coralville, Iowa (June . Encompass Health will operate a single reportable segment: inpatient rehabilitation. Net cash used in financing activities during the year ended December 31, 2021 was $240.1 million and primarily resulted from net debt payments, cash dividends paid on common stock and distributions to noncontrolling interests of consolidated affiliates. Q4 2021 Earnings Key Takeaways - Encompass Health Connect Adjusted Earnings Per Share. Excluding net operating revenues, the Company does not provide guidance on a GAAP basis because it is unable to predict, with reasonable certainty, the future impact of items that are deemed to be outside the control of the Company or otherwise not indicative of its ongoing operating performance. Additional information regarding the spin-off is provided in the supplemental slides accompanying this release. Before Income Tax Expense, Encompass Health Corporation and Subsidiaries All rights reserved. Revenue reserves related to bad debt as a percent of revenue. Revenue (ttm) Net cash provided by financing activities during the three months ended December 31, 2021 was $42.3 million and primarily resulted from net debt borrowings offset by cash dividends paid on common stock and distributions to noncontrolling interests of consolidated affiliates. Amsterdam, North Holland, Netherlands View. Encompass Health is ranked as one of Fortunes 100 Best Companies to Work For. View original content to download multimedia:http://www.prnewswire.com/news-releases/encompass-health-reports-results-for-first-quarter-2021-and-increases-full-year-2021-guidance-301278350.html. The Company will host an investor conference call at 10:00 a.m. Eastern Time on Wednesday, April28, 2021 to discuss its results for the first quarter of 2021. Our hospital and home care teams have continued to provide high quality, compassionate care to patients in need of our services. . Patient Monitoring Devices Market Size to Reach USD 92.40 - GlobeNewswire Supplemental Information Encompass Health reports results for fourth quarter 2022 and issues For the year ended December 31, 2022, net cash used in investing activities was $627.0 million and primarily resulted from capital expenditures. In addition, the Company will post supplemental information today on its website at http://investor.encompasshealth.com for reference during its April28, 2021 earnings call. Thank you for choosing Encompass Health for your rehabilitation needs. Adjusted EPS may not sum due to rounding. [2] Encompass Health is a Hospitals and Health Care, Hospitals & Clinics, and Health Care company located in Birmingham, Alabama with $1.00 Million in revenue and 12,011 employees. Net cash used in financing activities during the year ended December31, 2021 was $240.1 million and primarily resulted from net debt payments, cash dividends paid on common stock, and distributions to noncontrolling interests of consolidated affiliates. Encompass Health issues full-year 2022 guidance for Encompass Health An increase of 1.9% in Medicare pricing, prior to the resumption of sequestration Revenue reserves related to bad debt of approximately 2.0% of net operating revenues Salaries and benefits per FTE (inclusive of agency staffing costs, sign-on and shift bonuses) is Encompass Health has 29,298 employees, and the revenue per employee ratio is $128,793. Supplemental Information (Opens in new window), Visit us on LinkedIn. Adjusted earnings per share from continuing operations attributable to Encompass Health. Total discharge growth for the fourth quarter of 2021 was 9.6% with same-store growth of 6.0%. The Company operates inpatient rehabilitation hospitals, outpatient and rehabilitation satellites, and home health agencies. Encompass Health Corporation and Subsidiaries, Condensed Consolidated Statements of Comprehensive Income, Government, class action, and related settlements, Interest expense and amortization of debt discounts and fees, Equity in net income of nonconsolidated affiliates, Income from continuing operations before income tax expense, Loss from discontinued operations, net of tax, Less: Net and comprehensive income attributable to noncontrolling interests, Net and comprehensive income attributable to Encompass Health. Net cash used in financing activities during the year ended December31, 2020 was $145.9 million and primarily resulted from the issuance of senior notes in May and October 2020 offset by the redemption of the Companys 5.75% Senior Notes due 2024, the purchase of one-third of the rollover shares held by members of the home health and hospice management team, dividends paid common stock, and distributions paid to noncontrolling interests of consolidated affiliates. For the year ended December31, 2020, net cash used in investing activities was $407.5 million and primarily resulted from capital expenditures. Encompass Health Services Incorporated - Nonprofit Explorer - ProPublica Cash flows provided by operating activities grew 1.6% in 2021. See also the Other information section below for an explanation of why the Company does not provide guidance for comparable GAAP measures for Adjusted EBITDA and adjusted earnings per share. 07 Jun, 2022, 07:50 ET. Encompass Health reports results for fourth quarter 2021 and issues Certain items non-indicative of ongoing operating performance: Costs associated with the strategic alternatives review, Gain on consolidation of former equity method location, Change in fair market value of equity securities, (1) Income from continuing operations attributable to Encompass Health, Encompass Health Corporation and Subsidiaries Its national footprint spans across some 35 states and Puerto Rico, with about 155 inpatient rehabilitation hospitals. Patient volume was again strong with discharges up 7.3%. In addition, Encompass Health, through its senior management, may from time to time make forward-looking public statements concerning the matters described herein. The Company will host an investor conference call at 10:00 a.m. Eastern Time on Wednesday, February8, 2023 to discuss its results for the fourth quarter of 2022. This is the official online bill payment site for Encompass Health rehabilitation hospitals. In addition, Encompass Health, through its senior management, may from time to time make forward-looking public statements concerning the matters described herein. The conference call will also be webcast live and will be available for on-line replay at http://investor.encompasshealth.com by clicking on an available link. However, the following reasonably estimable GAAP measures for 2023 would be included in a reconciliation for Adjusted EBITDA if the other reconciling GAAP measures could be reasonably predicted: Interest expense and amortization of debt discounts and fees estimate of $145 million to $155 million, Amortization of debt-related items approximately $10 million. As a national leader in integrated healthcare services, Encompass Health (NYSE: EHC) offers both facility-based and home-based patient care through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. The conference call may be accessed by dialing 877 587-6761 and giving the pass code 8188583. International callers should dial 706 679-1635and give the same pass code. The financial data contained in the press release and supplemental information include non-GAAP financial measures, including the Companys adjusted earnings per share, leverage ratio, Adjusted EBITDA, and adjusted free cash flow. Encompass Health issues full-year 2022 guidance for Encompass Health Encompass Health reports results for second quarter 2022 - PR Newswire The company is headquartered in Birmingham, Alabama. For the Three Months Ended March 31, 2021, Costs Associated with the Strategic Alternatives Review, Change in Fair Market Value of Equity Securities, Income from continuing operations before income tax expense, Income from continuing operations attributable to Encompass Health, Diluted earnings per share from continuing operations, as reported**, * See reconciliation of net income to Adjusted EBITDA. For reference during the call, the Company will post certain supplemental information at http://investor.encompasshealth.com. . Pay your bill | Encompass Health Download the MyEncompass Health Caregiver App. For additional considerations regarding the Company's 2021 guidance ranges, see the supplemental information posted on the Company's website at http://investor.encompasshealth.com. See the attached supplemental information for additional details regarding these calculations. Those who download the app have access to it during their stay and for two weeks after they leave the rehabilitation hospital. Encompass Health (NYSE: EHC) offers facility-based patient care through its network of inpatient rehabilitation hospitals. Encompass Health reports results for third quarter 2021 (Opens in new window), Visit us on Instagram. Master of Arts (Education) 1966 - 1969; St. John's University. Revenue growth resulted from favorable pricing partially offset by decreased volumes in both segments. Encompass Health and MUSC Health have announced plans to own and operate Encompass Health Rehabilitation Hospital of Charleston, Encompass Health's existing inpatient rehabilitation hospital in North Charleston, South Carolina, as a joint venture. The financial data contained in the press release and supplemental information include non-GAAP financial measures, including the Company's adjusted earnings per share, leverage ratio, Adjusted EBITDA, and adjusted free cash flow. BIRMINGHAM, Ala., April 27, 2021 /PRNewswire/ --Encompass Health Corporation (NYSE: EHC), a national leader in integrated healthcare, offering facility-based and home-based patient care through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies, today reported its results of operations for the first quarter ended March31, 2021. Total discharge growth for the second quarter of 2022 was 4.9% with same-store growth of 1.6%. Supplemental Information Encompass health Corp ("Encompass Health") aims to make high quality and affordable rehabilitative and home health care services accessible to customers across the US, offering innovative and effective solutions. Revenue growth in the fourth quarter resulted from strong discharge growth and favorable pricing in our inpatient rehabilitation segment. For the three months ended December 31, 2021, net cash used in investing activities was $220.7 million and primarily resulted from capital expenditures. BIRMINGHAM, Ala., June 7, 2022 /PRNewswire/ -- Encompass Health Corporation (NYSE: EHC) ("Encompass Health" or the "Company"), today issued separate full-year 2022 guidance . Such forward-looking statements are necessarily estimates based upon current information and involve a number of risks and uncertainties. Encompass Health's ability to adapt to changes, build strategic relationships, and consistently provide high-quality, cost-effective care positions the Company for success in the evolving healthcare industry. Encompass Health annual/quarterly revenue history and growth rate from 2010 to 2023. BIRMINGHAM, Ala., Jan. 26, 2021 /PRNewswire/ -- Encompass Health Corporation (NYSE: EHC), a national leader in integrated healthcare, offering facility-based and home-based patient care through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies, today reported its results of operations for the fourth qua. Find top employees, contact details and business statistics at RocketReach. Encompass Health Corporation and SubsidiariesForward-Looking Statements. Growth in net patient revenue per discharge of 1.2% primarily resulted from an increase in reimbursement rates, partially offset by payor mix (faster growth in Managed Care and Medicare Advantage). The review is ongoing. Inpatient Rehabilitation | Encompass Health Encompass Health Corporation Company Profile | Birmingham, AL The Company's 2021 guidance assumes the continuation of the current structure of the business. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. For the Three Months Ended December 31, 2021, Income from continuing operations before income tax expense, Income from continuing operations attributable to Encompass Health, Bondholder Consent Fees Associated with Enhabit Distribution, Income from continuing operations before income tax expense, Income from continuing operations attributable to Encompass Health, Encompass Health Corporation and SubsidiariesSupplemental InformationReconciliation of Net Income to Adjusted EBITDA, Loss (income) from discontinued operations, net of tax, attributable to Encompass Health, Net income attributable to noncontrolling interests included in continuing operations, Interest expense and amortization of debt discounts and fees, Encompass Health Corporation and SubsidiariesSupplemental InformationReconciliation of Net Cash Provided by Operating Activities to Adjusted Free Cash Flow, Net cash provided by operating activities of continuing operations, Distributions paid to noncontrolling interests of consolidated affiliates, Transaction costs and related assumed liabilities. Approximately 50% of the decline related to the conversion of admissions to non-episodic under a large managed care contract initiated in February 2021. Click the button below and follow . Encompass Health hiring Revenue Cycle Application Support - LinkedIn Reconciliation of Net Income to Adjusted EBITDA, Loss from discontinued operations, net of tax, attributable to Encompass Health, Net income attributable to noncontrolling interests, Reconciliation of Segment Adjusted EBITDA to Income from Continuing Operations Such items include government, class action, and related settlements; professional feesaccounting, tax, and legal; mark-to-market adjustments for stock appreciation rights; gains or losses related to hedging instruments; loss on early extinguishment of debt; adjustments to its income tax provision (such as valuation allowance adjustments and settlements of income tax claims); items related to corporate and facility restructurings; and certain other items the Company believes to be not indicative of its ongoing operations. Net cash used in financing activities during the three months ended December 31, 2022 was $16.5 million and resulted primarily from cash dividends paid on common stock, distributions to noncontrolling interests of consolidated affiliates, and debt amendment costs partially offset by net debt borrowings and contributions from consolidated affiliates. About Encompass Health Encompass Health Corporation and Subsidiaries, Condensed Consolidated Statements of Comprehensive Income, Interest expense and amortization of debt discounts and fees, Equity in net income of nonconsolidated affiliates, Income from continuing operations before income tax expense, (Loss) income from discontinued operations, net of tax, Less: Net income attributable to noncontrolling interests included in continuing operations, Less: Net income attributable to noncontrolling interests included in discontinued operations, Less: Net and comprehensive income attributable to noncontrolling interests, Net and comprehensive income attributable to Encompass Health.
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