Velarion Records

Rehabilitation hospital · Mishawaka, Indiana · 40 beds · CMS certification number 153047

Rehabilitation Hospital of Northern Indiana

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended April 30, 2025, as submitted, stamped by CMS October 10, 2025. Five years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$21.9M
$21,877,994 · G-3 line 3
Operating expenses
$17.6M
$17,628,753 · G-3 line 4
Result from patient care
$4.2M
$4,249,241 · G-3 line 5
Margin on patient care
19.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $8.0M in its first year on file (2021) to $21.9M in 2025.
  • Its result from patient care: −$1.2M (2023), $2.8M (2024), $4.2M (2025).
  • All 5 rehabilitation hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 0.1% of its inpatient days and Medicare for 44.3%.
  • EPOCH ACQUISITION INC holds 100% of it, on its Medicare enrollment.

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

Five years of filings

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

Net patient revenueOperating expenses
2021
settled
$8.0M
$10.6M
2022
settled
$12.4M
$14.0M
2023
settled
$14.0M
$15.2M
2024
settled
$19.3M
$16.5M
2025
as submitted
$21.9M
$17.6M

Beside its peers

Rehabilitation hospitals in Indiana with 25 to 49 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Rehabilitation Hospital of Northern Indiana40$21,877,994$17,628,75319.4%
Bloomington Regional Rehabilitation Hospital, Bloomington40$23,724,560$19,459,80918.0%
Community Health Network Rehabilitation Hospital South, Greenwood44$29,377,466$23,048,37421.5%
Indianapolis Rehabilitation Hospital, Carmel40$22,792,698$19,647,00013.8%
Lafayette Regional Rehabilitation Hospital, Lafayette40$18,757,560$17,108,9398.8%
Select Medical Rehabilitation Hospital at Lutheran Hospital, Fort Wayne42$29,724,901$26,141,09212.1%

Patients and payers

Discharges
774
S-3 line 14, col 15
Inpatient days
11,418
S-3 line 14, col 8
Beds in use, on an average day
31.4
days ÷ days in year
Occupancy
78.2%
days ÷ bed days
Medicare share of days
44.3%
S-3 cols 6 ÷ 8
Medicaid share of days
0.1%
S-3 cols 7 ÷ 8

Who owns it

  • EPOCH ACQUISITION INC100%
  • EPOCH MIDCO, INC100%
  • EPOCH PARENT HOLDINGS LLC100%
  • EPOCH PARENT INC100%
  • ERNEST HEALTH HOLDINGS LLC100%
  • ONE EQUITY PARTNERS VII LP58%
  • ONE EQUITY PARTNERS VII-A LP30%
  • ONE EQUITY PARTNERS VII-B LP12%

Related organizations on its own cost report: ERNEST HEALTH, home office.

Other hospitals with the same owner: Mountain Valley Regional Rehabilitation Hospital (AZ), Rehabilitation Hospital of Northern Arizona (AZ), Phoenix Regional Rehabilitation Hospital (AZ), Rehabilitation Hospital Peoria (AZ), Rehabilitation Hospital of Southern California (CA), Central California Rehabilitation Hospital (CA), Sacramento Rehabilitation Hospital (CA), Stockton Regional Rehabilitation Hospital (CA), Northern Colorado Long Term Acute Hospital (CO), Northern Colorado Rehabilitation Hospital (CO), Denver Regional Rehabilitation Hospital (CO).

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 Indiana

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 HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 153047. 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 HOSP10FY2024.ZIP, read October 10, 2025.