Encompass Health Corporation: Initiation Of Coverage – 4 Pivotal Factors That Are Shaping Its Growth Journey!

Encompass Health’s earnings for the fourth quarter of 2023 revealed yet another strong showing for the company, capping off a robust year of performance. On the positive side, a significant growth in both volume and revenue was reported for the year. The company recorded a 10.4% increase in revenue, driven by an 8.7% spike in total discharges, indicating its value proposition indeed resonates with referral sources, payers, and the patients it serves. Adjusted EBITDA also increased by 18.5%, attributed to streamlined expense management and an impressive revenue growth.