Rehabilitation hospital · Greenfield, Wisconsin · 40 beds · CMS certification number 523029
Milwaukee Rehabilitation Hospital
Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended March 31, 2026, as submitted, stamped by CMS September 16, 2026. Four years on file, every one shown below.
Fiscal 2026 at a glance
What stands out
- Net patient revenue rose from $13.0M in its first year on file (2023) to $25.3M in 2026.
- Its result from patient care: $1.9M (2024), $2.2M (2025), $3.0M (2026).
- 4 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 8.9% of its inpatient days and Medicare for 47.7%.
- NEWERA IRF HOLDINGS, LLC holds 100% of it, on its Medicare enrollment.
Every statement is drawn from figures on this page; nothing is estimated.
Four years of filings
Net patient revenue against operating expenses, each year as filed.
settled
settled
as submitted
as submitted
Beside its peers
Hospitals of the same type (rehabilitation hospital), nearest in size, from Wisconsin first; each on fiscal year 2026.
| Hospital | Beds | Net patient revenue | Operating expenses | Margin |
|---|---|---|---|---|
| Milwaukee Rehabilitation Hospital | 40 | $25,282,081 | $22,305,253 | 11.8% |
| Clearsky Rehabilitation Hospital of Kenosha, Kenosha | 39 | $16,452,902 | $14,684,738 | 10.8% |
| Encompass Health Rehabilitation Hospital of Fitchburg, Fitchburg | 56 | $25,170,973 | $25,289,782 | −0.5% |
| Pam Rehabilitation Hospital of Greeley, Greeley (CO) | 42 | $23,230,543 | $22,500,225 | 3.1% |
| Pam Health Rehabiltation Hospital of Wausau, Wausau | 42 | $21,298,728 | $20,871,250 | 2.0% |
| Inverness Rehabilitation Hospital, Englewood (CO) | 40 | $22,378,033 | $19,902,554 | 11.1% |
Patients and payers
- Discharges
- 951S-3 line 14, col 15
- Inpatient days
- 12,777S-3 line 14, col 8
- Beds in use, on an average day
- 35.1days ÷ days in year
- Occupancy
- 87.5%days ÷ bed days
- Medicare share of days
- 47.7%S-3 cols 6 ÷ 8
- Medicaid share of days
- 8.9%S-3 cols 7 ÷ 8
Who owns it
- NEWERA IRF HOLDINGS, LLC100%
- NEWERA NOBIS OPERATIONS HOLDINGS, LLC100%
- NEW ERA COMPANIES, LLC54%
- WB DEVELOPMENT HOLDINGS, LLC34%
- DARYN EUDALY27%
- AHAC INVESTMENTS, LLC8%
- ALEX BENNETT8%
- IRF JV INVESTORS, LLC6%
- NEPI, LLC6%
- NESI, LLC6%
- NOBIS HOSPITAL INVESTMENTS, LLC6%
Related organizations on its own cost report: NOBIS REHABILIT, management comp.
Other hospitals with the same owner: Nobis Rehabilitation Partners (FL), Indianapolis Rehabilitation Hospital (IN), Johnson County Rehabilitation Hospital (KS), Shreveport Rehabilitation Hospital (LA).
Type of control on its cost report: proprietary, other.
Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).
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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 523029. 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 16, 2026.