Velarion Records

Psychiatric hospital · Merrillville, Indiana · 16 beds · CMS certification number 154020

Regional Mental Health Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 3, 2025. 29 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$20.7M
$20,656,028 · G-3 line 3
Operating expenses
$46.6M
$46,563,321 · G-3 line 4
Result from patient care
−$25.9M
−$25,907,293 · G-3 line 5
Margin on patient care
−125.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $4.7M in its first year on file (1997) to $20.7M in 2025.
  • Its result from patient care: −$18.5M (2023), −$21.8M (2024), −$25.9M (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 8.8% of its inpatient days and Medicare for 8.2%.

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
$4.7M
$10.1M
1998
settled
$6.4M
$10.1M
1999
settled
$6.5M
$10.4M
2000
settled
$6.5M
$10.8M
2001
settled
$7.0M
$11.9M
2002
settled
$7.2M
$12.8M
2003
settled
$7.7M
$13.5M
2004
settled
$6.8M
$14.5M
2005
settled
$7.2M
$16.8M
2006
settled
$7.2M
$16.7M
2007
settled
$17.5M
$18.1M
2008
settled
$17.4M
$17.9M
2009
settled
$9.9M
$18.0M
2010
settled
$18.6M
$32.9M
2011
settled
$14.6M
$32.2M
2012
settled
$18.3M
$32.5M
2013
settled
$15.0M
$31.3M
2014
settled
$14.1M
$32.0M
2015
settled
$15.7M
$32.7M
2016
settled
$16.9M
$32.5M
2017
settled
$17.9M
$33.3M
2018
settled
$18.0M
$35.2M
2019
settled
$18.6M
$34.4M
2020
settled
$19.9M
$39.2M
2021
settled
$23.6M
$39.9M
2022
settled
$22.3M
$39.7M
2023
settled
$23.8M
$42.2M
2024
settled
$22.9M
$44.7M
2025
as submitted
$20.7M
$46.6M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Regional Mental Health Center16$20,656,028$46,563,321−125.4%
Otis R Bowen Center for Human Services, Pierceton20$115,567,214$126,088,993−9.1%
Brightwell Behavioral Health, Clarksville22$5,943,817$6,354,686−6.9%
Hamilton Center, Terre Haute16$36,066,624$55,287,902−53.3%
Incompass Healthcare, Lawrenceburg16$20,042,086$29,713,514−48.3%
River Bend Hospital, West Lafayette16$3,156,302$17,433,882−452.4%

Patients and payers

Discharges
258
S-3 line 14, col 15
Inpatient days
1,423
S-3 line 14, col 8
Beds in use, on an average day
3.9
days ÷ days in year
Occupancy
24.4%
days ÷ bed days
Medicare share of days
8.2%
S-3 cols 6 ÷ 8
Medicaid share of days
8.8%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: REGIONAL MHC (100%), mgmt company.

Type of control on its cost report: voluntary nonprofit, other.

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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 154020. 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 December 3, 2025.