Select Medical Holdings Corporation (NYSE: SEM), one of the largest operators of critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States, has announced the release of its first quarter financial results for 2023. The results will be released on May 4, 2023, after the market closes.
Conference Call Information
Select Medical will host a conference call regarding its first quarter results and business outlook on May 5, 2023, at 9:00 am ET. The conference call will be a live webcast, which can be accessed at Select Medical Holdings Corporation’s website at www.selectmedicalholdings.com. A replay of the webcast will be available shortly after the call through the same link.
For those who wish to dial-in via telephone or participate in the question and answer session, pre-registration for the call is required. Participants can register for the call at Select Medical Earnings Call Registration to obtain their dial-in number and unique passcode for the call.
About Select Medical
Select Medical operates in four reportable segments, including the critical illness recovery hospital segment, the rehabilitation hospital segment, the outpatient rehabilitation segment, and the Concentra segment. As of December 31, 2022, Select Medical operated 103 critical illness recovery hospitals in 28 states, 31 rehabilitation hospitals in 12 states, 1,928 outpatient rehabilitation clinics in 39 states and the District of Columbia, 540 occupational health centers in 41 states, and 147 onsite clinics at employer worksites. At December 31, 2022, Select Medical had operations in 46 states and the District of Columbia.
Select Medical has a strong reputation for providing quality care to its patients, and its commitment to excellence has helped it become one of the largest healthcare providers in the country. With a focus on critical illness recovery, rehabilitation, and occupational health, Select Medical has been able to differentiate itself from other healthcare providers and establish itself as a leader in the industry.
Looking Ahead
As Select Medical prepares to release its Q1 financial results, investors and analysts will be closely watching the company’s performance. With its strong track record of growth and success, Select Medical is well-positioned to continue delivering value to its shareholders and patients alike.
As healthcare continues to evolve, Select Medical will need to remain agile and adaptable to meet the changing needs of its patients and customers. By continuing to focus on innovation, patient-centered care, and quality, Select Medical is well-positioned to thrive in the years to come.
Opinion: Select Medical’s Commitment to Quality and Excellence Sets it Apart in the Healthcare Industry
As a leading provider of critical illness recovery, rehabilitation, and occupational health services, Select Medical has established itself as a leader in the healthcare industry. With a strong commitment to quality and excellence, Select Medical has been able to differentiate itself from other healthcare providers and build a reputation for providing exceptional care to its patients.
One of the key factors driving Select Medical’s success has been its focus on patient-centered care. By putting patients first and prioritizing their needs, Select Medical has been able to establish itself as a trusted partner in the healthcare community. Whether it’s providing critical care to patients in recovery or helping employees stay healthy and safe in the workplace, Select Medical is committed to delivering the highest quality care possible.
Another key factor driving Select Medical’s success has been its focus on innovation. By investing in new technologies and approaches to care, Select Medical has been able to stay ahead of the curve and deliver better outcomes for its patients. From advanced rehabilitation techniques to state-of-the-art medical equipment, Select Medical is always looking for ways to improve its services and deliver more value to its customers. Select Medical’s commitment to excellence extends beyond patient care to its corporate culture as well. The company has a strong track record of ethical and responsible business practices, and it has been recognized for its commitment to diversity, equity, and inclusion. By fostering a culture of respect, collaboration, and accountability, Select Medical has been able to attract and retain top talent and build a workforce that is dedicated to its mission and values.
Looking ahead, Select Medical is well-positioned to continue delivering value to its stakeholders and driving innovation in the healthcare industry. With a strong financial position, a talented workforce, and a commitment to excellence, Select Medical is poised for growth and success in the years to come.
News Analysis: Select Medical’s Q1 Financial Results Show Strong Growth in Key Segments
Select Medical Holdings Corporation (NYSE: SEM) has released its Q1 financial results for 2023, showing strong growth in its critical illness recovery hospital segment, rehabilitation hospital segment, and outpatient rehabilitation segment. The company reported total revenues of $1.3 billion, an increase of 6.7% compared to the same period last year.
In the critical illness recovery hospital segment, Select Medical reported revenues of $534.6 million, an increase of 11.2% compared to the same period last year. This growth was driven by higher patient volumes and improved reimbursement rates, as well as continued investments in quality and innovation.
In the rehabilitation hospital segment, Select Medical reported revenues of $335.1 million, an increase of 3.9% compared to the same period last year. This growth was driven by higher patient volumes and improved reimbursement rates, as well as continued investments in quality and innovation.
In the outpatient rehabilitation segment, Select Medical reported revenues of $373.3 million, an increase of 5.5% compared to the same period last year. This growth was driven by higher patient volumes and improved reimbursement rates, as well as continued investments in quality and innovation.
Overall, Select Medical’s Q1 financial results demonstrate the company’s continued commitment to growth and excellence. By focusing on patient-centered care, innovation, and quality, Select Medical has been able to differentiate itself from other healthcare providers and establish itself as a leader in the industry.
Conclusion
Select Medical’s commitment to excellence, patient-centered care, and innovation has helped it become one of the largest healthcare providers in the United States. As the company prepares to release its Q1 financial results and host its conference call, investors and analysts will be closely watching its performance. With a strong track record of growth and success, Select Medical is well-positioned to continue delivering value to its stakeholders and driving innovation in the healthcare industry.
