Encompass Health Corporation provides post-acute healthcare services. The company owns and operates inpatient rehabilitation hospitals. The company provides specialized rehabilitative treatment on an inpatient basis. The company operates hospitals in 38 states and Puerto Rico, with concentrations in Florida and Texas.
The company’s inpatient rehabilitation hospitals offer specialized rehabilitative care across an array of diagnoses and deliver comprehensive, patient care services. As participan...
Encompass Health Corporation provides post-acute healthcare services. The company owns and operates inpatient rehabilitation hospitals. The company provides specialized rehabilitative treatment on an inpatient basis. The company operates hospitals in 38 states and Puerto Rico, with concentrations in Florida and Texas.
The company’s inpatient rehabilitation hospitals offer specialized rehabilitative care across an array of diagnoses and deliver comprehensive, patient care services. As participants in the Medicare program, the company’s hospitals must be licensed and certified and otherwise comply with various requirements. Substantially all (91%) of the patients the company serves are admitted from acute-care hospitals following physician referrals for specific acute inpatient rehabilitative care. Most of those patients have experienced significant physical or cognitive disabilities or injuries due to medical conditions, such as strokes, hip fractures, and a variety of debilitating neurological conditions, that are generally nondiscretionary in nature and require rehabilitative healthcare services in a facility-based setting.
The company focuses on specialized rehabilitative care has meant that in many cases its hospitals have been ideal settings for treating the debilitating effects of the COVID-19 virus, such as significant muscle weakness, cognitive impairments, shortness of breath with activity, and malnutrition. The company’s hospitals provide a comprehensive interdisciplinary clinical approach to treatment that leverages innovative technologies and advanced therapies and leads to superior outcomes.
Strategy and Strategic Priorities
The company’s overall strategy is to expand its network of inpatient rehabilitation hospitals, add capacity to existing hospitals, further strengthen its relationships with healthcare systems, provider networks, and payors in order to connect patient care across the healthcare continuum, and to deliver superior patient outcomes in a cost-effective manner. The company will continue to have organic growth opportunities within its same store hospitals based on its track record of growth, secular shifts in aging demographic populations, its ability to capture market share, and the maturation of newly opened locations. The company has pursued and will continue to pursue initiatives to lower its rate of transfers to acute-care hospitals, improve its rate of discharges to community, and improve the patient experience.
The company will continue to demonstrate its value proposition to Medicare Advantage payors by providing superior patient outcomes, including higher discharge to community rates and lower lengths of stay, compared to alternative sites of care. The company’s outcomes and quality of care data have helped drive significant improvement in the payments it receives from Medicare Advantage payors.
The company will continue to develop and implement post-acute solutions that allow it to apply its clinical expertise, large post-acute datasets, electronic medical record technologies, and strategic partnerships to drive improved patient outcomes. The company will seek to expand efforts and initiatives to recruit and retain a qualified clinical workforce. The company will continue to install in its hospitals a hemodialysis system with which it is able to provide inpatient dialysis to its patients without relying on third-parties. Historically, the company’s patients have received dialysis from third-party vendors, either onsite or offsite as available, often resulting in interruptions to their therapy schedules. With this new onsite hemodialysis system, the company can provide its patients dialysis without interrupting therapy or requiring patient travel.
Regulations
The company undertakes significant effort and expense to provide the medical, nursing, therapy, and ancillary services required to comply with local, state, and federal regulations, as well as, for most hospitals, accreditation standards of The Joint Commission and, for some hospitals, the Commission on Accreditation of Rehabilitation Facilities. Accredited hospitals are subject to periodic resurvey to ensure the standards are being met. All of the company’s inpatient hospitals participate in the Medicare program.
History
The company was founded in 1984. It was incorporated in Delaware in 1984. The company was formerly known as HealthSouth Corporation and changed its name to Encompass Health Corporation in 2018.