Velarion Records

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

Neurodiagnostic Institute

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, settled, stamped by CMS January 26, 2026. 29 years on file, every one shown below.

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.

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

29 years of filings

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

Net patient revenueOperating expenses
1997
settled
$16.6M
$27.5M
1998
settled
$14.0M
$17.5M
1999
settled
$21.2M
$18.4M
2000
settled
not filed
not filed
2001
reopened
$13.6M
$22.5M
2002
reopened
$11.8M
$23.5M
2003
reopened
$18.5M
$22.6M
2004
reopened
$30.5M
$25.7M
2005
settled
$30.3M
$29.4M
2006
settled
$6.7M
$27.3M
2007
settled
$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
$5.7M
$30.1M
2021
settled
$17.0M
$30.5M
2022
settled
$10.3M
$31.6M
2023
settled
$29.3M
$40.5M
2024
settled
$17.8M
$43.7M
2025
settled
$22.4M
$44.3M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Neurodiagnostic Institute159$22,391,166$44,275,532−97.7%
Evansville State Hospital, Evansville168$7,187,068$34,064,409−374.0%
Hendricks Behavioral Hospital, Plainfield112$45,876,180$32,613,20728.9%
Madison State Hospital, Madison150$7,591,123$34,410,457−353.3%
Maple Heights Behavioral Health, Ft Wayne120$20,459,888$21,419,138−4.7%
Richmond State Hospital, Richmond190$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%).

Type of control on its cost report: governmental, state.

Follow this hospital, free

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More psychiatric hospitals in Indiana

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 154008. Patients and payers: worksheet S-3 Part I of the same filing.

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