Encompass Health Corporation

Encompass Health Corporation is the largest owner and operator of inpatient rehabilitation hospitals in the United States. Headquartered in Birmingham, Alabama, the company operates over 170 hospitals across 39 states and Puerto Rico. It specializes in providing facility-based rehabilitative care to patients recovering from major illnesses, surgeries, and neurological conditions.

Financials

Earnings Transcripts

Leadership & board

Acquisitions

Encompass Health's revenue is highly concentrated in government payors: revenues from Medicare and Medicare Advantage represented approximately 82% of total revenues in 2025. The 2025 payor mix was Medicare 65.4%, Medicare Advantage 16.4%, managed care 10.7%, Medicaid 3.1%, other third-party payors 0.7%, and workers' compensation 0.5%. Approximately 92% of the company's patients are admitted from acute-care hospitals. The 10-K does not disclose any individual commercial customer accounting for a material concentration of revenue.

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