Velarion Records

Psychiatric hospital · Terre Haute, Indiana · 16 beds · CMS certification number 154009

Hamilton Center

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

Fiscal 2025 at a glance

Net patient revenue $36.1M $36,066,624 · G-3 line 3
Operating expenses $55.3M $55,287,902 · G-3 line 4
Result from patient care −$19.2M −$19,221,278 · G-3 line 5
Margin on patient care −53.3% line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $6.1M in its first year on file (1997) to $36.1M in 2025.
  • From fiscal year 2024 to fiscal year 2025 its net patient revenue rose 29.3%.
  • Its result from patient care: −$25.7M (2023), −$26.6M (2024), −$19.2M (2025).
  • All 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 9.3% of its inpatient days and Medicare for 11.7%.
  • In its fiscal 2025 filing, its $36.1M net patient revenue sits at the 76th percentile of 17 hospitals in IN, same facility class, under 25 beds.

How these statements are drawn

29 years of filings

Net patient revenueOperating expenses

1997 settled margin −164.0% $6.1M $16.1M

1998 settled margin −101.8% $10.6M $21.3M

1999 reopened margin −103.8% $12.0M $24.5M

2000 reopened margin −66.8% $15.0M $24.9M

2001 settled margin −96.3% $11.7M $22.9M

2002 settled margin −93.9% $12.9M $25.0M

2003 settled margin −50.6% $17.2M $25.9M

2004 settled margin −50.1% $19.3M $29.0M

2005 settled margin −40.9% $22.9M $32.3M

2006 settled margin −58.0% $21.8M $34.4M

2007 settled margin −129.1% $15.3M $35.0M

2008 settled margin −80.8% $18.7M $33.8M

2009 settled margin −81.4% $18.7M $34.0M

2010 settled margin −73.7% $19.8M $34.4M

2011 settled margin −91.5% $17.4M $33.3M

2012 settled margin −80.7% $16.5M $29.8M

2013 settled margin −50.8% $19.4M $29.2M

2014 settled margin −50.8% $19.7M $29.7M

2015 settled margin −68.8% $19.2M $32.5M

2016 settled margin −69.2% $20.6M $34.9M

2017 settled margin −69.7% $21.6M $36.6M

2018 settled margin −83.9% $22.5M $41.3M

2019 settled margin −66.4% $26.0M $43.3M

2020 settled margin −78.3% $25.7M $45.9M

2021 settled margin −77.6% $29.0M $51.5M

2022 settled margin −80.0% $29.7M $53.6M

2023 settled margin −83.5% $30.8M $56.6M

2024 settled margin −95.2% $27.9M $54.5M

2025 settled margin −53.3% $36.1M $55.3M

Beside its peers

Psychiatric hospitals in Indiana with under 25 beds, fiscal year 2025.

Hospital Beds Net patient revenue Operating expenses Margin

Hamilton Center 16 $36,066,624 $55,287,902 −53.3%

Otis R Bowen Center for Human Services, Pierceton 20 $115,567,214 $126,088,993 −9.1%

Brightwell Behavioral Health, Clarksville 22 $5,943,817 $6,354,686 −6.9%

Incompass Healthcare, Lawrenceburg 16 $20,042,086 $29,713,514 −48.3%

Regional Mental Health Center, Merrillville 16 $20,656,028 $46,563,321 −125.4%

River Bend Hospital, West Lafayette 16 $3,156,302 $17,433,882 −452.4%

Patients and payers

  • Discharges 610 S-3 line 14, col 15
  • Inpatient days 4,748 S-3 line 14, col 8
  • Beds in use, on an average day 13.0 days ÷ days in year
  • Occupancy 81.3% days ÷ bed days
  • Medicare share of days 11.7% S-3 cols 6 ÷ 8
  • Medicaid share of days 9.3% S-3 cols 7 ÷ 8

Who owns it

Control: voluntary nonprofit, other.

Follow Hamilton Center, free

More psychiatric hospitals in Indiana

File HOSP10FY2024.ZIP, form CMS-2552-10, CMS certification number 154009.

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

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