Encompass Health recently opened its Rehabilitation Hospital of Western Wisconsin, marking its first location in the state. The new facility is a joint venture between EHC and HSHS Sacred Heart Hospital, an affiliate of Hospital Sisters Health System, Zack’s reports.
The 36-bed inpatient rehabilitation unit is placed inside the HSHS Sacred Heart Hospital, which will allow a seamless transition for patients into an advanced rehabilitation program. The new hospital with advanced and updated technologies replaces HSHS Sacred Heart Hospital’s old facility with 24 beds. It will help patients to recover from debilitating illnesses and injuries, which incorporate complex orthopedic conditions, brain and spinal cord injuries, amputations, strokes and other neurological disorders.
The new hospital marks Encompass Health’s 155th inpatient rehabilitation facility in the country. Earlier this month, it opened a 51-bed inpatient rehabilitation unit named Patricia Neal Rehabilitation Hospital West in Knoxville, TN, with its joint venture partner, Covenant Health. It was Encompass Health’s 10th location in Tennessee.
The new hospitals are expected to improve the company’s patient volumes, which will, in turn, boost its revenues. Its revenues are witnessing a consistent rise. For 2023, the company expects net operating revenues to be within $4,680-$4,760 million, the mid-point of which indicates an improvement of 8.5% from the 2022 reported figure of $4,348.6 million. Also, an aging population is likely to continue to boost demand for the company’s services. Read more.
