‘Public Shaming,’ Audit Concerns Prompt Encompass Health to Return $237M in CARES Act Funding

Encompass Health Corporation (NYSE: EHC) has returned the $237 million in emergency provider relief it received from the Department of Health and Human Services (HHS) as part of the CARES Act.

Encompass Health’s move is one many home health providers are considering, as confusion around terms and conditions of the funding has operators fearful an eventual “day of reckoning.” The concern is that agencies could eventually have to pay some of the money back. 

That’s just one of several reasons Birmingham, Alabama-based Encompass Health decided to return the relief, company leaders explained during a Tuesday presentation at the UBS