Velarion Records

Psychiatric hospital · Muncie, Indiana · 12 beds · CMS certification number 154053

Meridian Health Services

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2020, settled, stamped by CMS January 27, 2021. Fourteen years on file, every one shown below.

Fiscal 2020 at a glance

Net patient revenue
$59.5M
$59,504,877 · G-3 line 3
Operating expenses
$90.9M
$90,904,544 · G-3 line 4
Result from patient care
−$31.4M
−$31,399,667 · G-3 line 5
Margin on patient care
−52.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $969K in its first year on file (2008) to $59.5M in 2020.
  • Its result from patient care: −$10.2M (2018), −$13.7M (2019), −$31.4M (2020).
  • All 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 2020.

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

Fourteen years of filings

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

Net patient revenueOperating expenses
2007
settled
not filed
not filed
2008
settled
$969K
$1.8M
2009
settled
$16.3M
$28.3M
2010
settled
$14.8M
$27.1M
2011
settled
$18.7M
$28.1M
2012
settled
$26.0M
$35.4M
2013
settled
$30.9M
$42.0M
2014
settled
$35.4M
$47.6M
2015
settled
$44.4M
$59.2M
2016
settled
$52.2M
$71.0M
2017
settled
$58.1M
$73.7M
2018
settled
$68.8M
$79.0M
2019
settled
$72.9M
$86.6M
2020
settled
$59.5M
$90.9M

Beside its peers

Psychiatric hospitals in Indiana with under 25 beds, each on fiscal year 2020.

HospitalBedsNet patient revenueOperating expensesMargin
Meridian Health Services12$59,504,877$90,904,544−52.8%
Incompass Healthcare, Lawrenceburg16$14,833,923$20,373,087−37.3%
Hamilton Center, Terre Haute16$25,742,256$45,893,927−78.3%
Regional Mental Health Center, Merrillville16$19,851,263$39,156,405−97.3%
River Bend Hospital, West Lafayette16$1,246,895$11,380,336−812.7%
Otis R Bowen Center for Human Services, Warsaw16$73,653,731$82,855,142−12.5%

Follow this hospital, free

We send this record now and tell you when it files again.

More psychiatric 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 HOSP10FY2019.ZIP, form CMS-2552-10, filed under CMS certification number 154053.

How this page was built: the CMS Medicare cost report, file HOSP10FY2019.ZIP, read January 27, 2021.