Velarion Records

Rehabilitation hospital · Fort Smith, Arkansas · 80 beds · CMS certification number 043028

Encompass Health Rehabilitation Hospital of Fort Smith

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended May 31, 2026, as submitted, stamped by CMS September 28, 2026. 31 years on file, every one shown below.

Fiscal 2026 at a glance

Net patient revenue
$35.7M
$35,740,686 · G-3 line 3
Operating expenses
$28.8M
$28,781,158 · G-3 line 4
Result from patient care
$7.0M
$6,959,528 · G-3 line 5
Margin on patient care
19.5%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $17.7M in its first year on file (1996) to $35.7M in 2026.
  • Its result from patient care: $3.8M (2024), $5.5M (2025), $7.0M (2026).
  • 3 of the 5 rehabilitation hospital peers below with a margin on file also report a gain on patient care for fiscal year 2026.
  • Medicaid paid for 9.2% of its inpatient days and Medicare for 64.7%.
  • ENCOMPASS HEALTH CORPORATION holds 100% of it, on its Medicare enrollment.

Every statement is drawn from figures on this page; nothing is estimated.

31 years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
1996
as submitted
$17.7M
$18.1M
1997
as submitted
$18.3M
$16.6M
1998
as submitted
$16.9M
$14.2M
1999
as submitted
$16.5M
$14.0M
2000
as submitted
$15.1M
$13.8M
2001
as submitted
$16.1M
$13.6M
2002
as submitted
$18.3M
$12.3M
2003
as submitted
$18.4M
$12.4M
2004
reopened
$8.4M
$5.3M
2005
reopened
$20.3M
$12.4M
2006
reopened
$19.0M
$11.5M
2007
reopened
$18.2M
$11.4M
2008
settled
$16.7M
$11.3M
2009
reopened
$11.5M
$10.2M
2010
settled
$10.1M
$9.0M
2011
as submitted
$14.8M
$12.4M
2012
settled
$18.0M
$15.5M
2013
reopened
$19.1M
$17.4M
2014
settled
$19.8M
$18.1M
2015
settled
$18.9M
$18.1M
2016
settled
$22.0M
$20.6M
2017
settled
$22.0M
$19.1M
2018
settled
$23.3M
$19.3M
2019
settled
$22.6M
$19.3M
2020
settled
$23.1M
$18.8M
2021
settled
$25.9M
$19.8M
2022
settled
$29.4M
$24.8M
2023
settled
$28.6M
$24.4M
2024
settled
$28.1M
$24.3M
2025
amended
$31.8M
$26.2M
2026
as submitted
$35.7M
$28.8M

Beside its peers

Hospitals of the same type (rehabilitation hospital), nearest in size, from Arkansas first; each on fiscal year 2026.

HospitalBedsNet patient revenueOperating expensesMargin
Encompass Health Rehabilitation Hospital of Fort Smith80$35,740,686$28,781,15819.5%
Encompass Health Rehabilitation Hospital of North Alabama, Huntsville (AL)85$46,069,583$41,253,31210.4%
Encompass Health Rehabilitation Hospital of San Antonio, San Antonio (TX)108$29,069,567$32,665,631−12.4%
Encompass Health Valley of the Sun Rehabilitation Hospital, Glendale (AZ)75$26,653,624$24,721,5587.2%
Pam Health Rehabilitation Hospital of Georgetown, Georgetown (DE)76$76,754,868$50,459,13734.3%
Vanderbilt Stallworth Rehabilitation Hospital, Nashville (TN)80$25,986,726$27,397,062−5.4%

Patients and payers

Discharges
1,694
S-3 line 14, col 15
Inpatient days
19,276
S-3 line 14, col 8
Beds in use, on an average day
53.0
days ÷ days in year
Occupancy
66.0%
days ÷ bed days
Medicare share of days
64.7%
S-3 cols 6 ÷ 8
Medicaid share of days
9.2%
S-3 cols 7 ÷ 8

Who owns it

  • ENCOMPASS HEALTH CORPORATION100%
  • VANGUARD GROUP INC10%
  • BLACKROCK INC9%
  • INVESCO LTD5%

Related organizations on its own cost report: ENCOMPASS HEALT, healthcare.

Other hospitals with the same owner: Encompass Health Lakeshore Rehabilitation Hospital (AL), Encompass Health Rehabilitation Hospital of Montgomery (AL), Encompass Health Rehabilitation Hospital of North Alabama (AL), Encompass Health Rehabilitation Hospital of Dothan (AL), Encompass Health Rehabilitation Hospital of Shelby County (AL), Encompass Health Rehabilitation Hospital of Gadsden (AL), Rehabilitation Hospital of Phenix City (AL), Encompass Health Rehabilitation Hospital of Scottsdale (AZ), Encompass Health Rehabilitation Institute of Tucson (AZ), Encompass Health Rehabilitation Hospital of Northwest Tucson (AZ), Encompass Health Valley of the Sun Rehabilitation Hospital (AZ), Yuma Rehabilitation Hospital, an Affiliation of Encompass Health and Y (AZ).

Type of control on its cost report: proprietary, corporation.

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

Follow this hospital, free

We send this record now and tell you when it files again.

More rehabilitation hospitals in Arkansas

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 043028. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read September 28, 2026.