Velarion Records

Psychiatric hospital · Indianapolis, Indiana · 159 beds · CMS certification number 154008

Neurodiagnostic Institute

Latest filing: fiscal year ended June 30, 2025, settled, stamped by CMS January 26, 2026. 29 years on file, all shown below.

Enrolled with Medicare by State of Indiana Auditor of State.

Fiscal 2025 at a glance

Net patient revenue $22.4M $22,391,166 · G-3 line 3
Operating expenses $44.3M $44,275,532 · G-3 line 4
Result from patient care −$21.9M −$21,884,366 · G-3 line 5
Margin on patient care −97.7% line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $16.6M in its first year on file (1997) to $22.4M in 2025.
  • Its result from patient care: −$11.2M (2023), −$26.0M (2024), −$21.9M (2025).
  • 4 of the 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.

How these statements are drawn

29 years of filings

Net patient revenueOperating expenses

1997 settled margin −65.7% $16.6M $27.5M

1998 settled margin −24.9% $14.0M $17.5M

1999 settled margin 13.4% $21.2M $18.4M

2000 settled not filed not filed

2001 reopened margin −65.1% $13.6M $22.5M

2002 reopened margin −99.1% $11.8M $23.5M

2003 reopened margin −22.3% $18.5M $22.6M

2004 reopened margin 15.5% $30.5M $25.7M

2005 settled margin 3.0% $30.3M $29.4M

2006 settled margin −305.7% $6.7M $27.3M

2007 settled margin −171.9% $10.1M $27.5M

2008 settled not filed not filed

2009 settled not filed not filed

2010 settled not filed not filed

2011 settled not filed not filed

2012 settled not filed not filed

2013 settled not filed not filed

2014 settled not filed not filed

2015 settled not filed not filed

2016 settled not filed not filed

2017 settled not filed not filed

2018 settled not filed not filed

2019 settled not filed not filed

2020 settled margin −432.4% $5.7M $30.1M

2021 settled margin −79.0% $17.0M $30.5M

2022 settled margin −206.2% $10.3M $31.6M

2023 settled margin −38.1% $29.3M $40.5M

2024 settled margin −146.0% $17.8M $43.7M

2025 settled margin −97.7% $22.4M $44.3M

Beside its peers

Psychiatric hospitals in Indiana with 100 to 199 beds, fiscal year 2025.

Hospital Beds Net patient revenue Operating expenses Margin

Neurodiagnostic Institute 159 $22,391,166 $44,275,532 −97.7%

Evansville State Hospital, Evansville 168 $7,187,068 $34,064,409 −374.0%

Hendricks Behavioral Hospital, Plainfield 112 $45,876,180 $32,613,207 28.9%

Madison State Hospital, Madison 150 $7,591,123 $34,410,457 −353.3%

Maple Heights Behavioral Health, Ft Wayne 120 $20,459,888 $21,419,138 −4.7%

Richmond State Hospital, Richmond 190 $4,040,835 $44,046,916 −990.0%

Patients and payers

  • Discharges 342 S-3 line 14, col 15
  • Inpatient days 39,948 S-3 line 14, col 8
  • Beds in use, on an average day 109.7 days ÷ days in year
  • Occupancy 68.8% days ÷ bed days
  • Medicaid share of days 43.3% S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: STATE OF IN (100%); FSSA/DIV MENTAL (100%).

Control: governmental, state.

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More psychiatric hospitals in Indiana

File HOSP10FY2024.ZIP, form CMS-2552-10, CMS certification number 154008.

How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read January 26, 2026.

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