Velarion Records

Psychiatric hospital · Indianapolis, Indiana · 84 beds · CMS certification number 154057

Options Behavioral Health System

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2025, settled, stamped by CMS May 25, 2026. Fourteen years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$10.1M
$10,117,403 · G-3 line 3
Operating expenses
$15.3M
$15,333,428 · G-3 line 4
Result from patient care
−$5.2M
−$5,216,025 · G-3 line 5
Margin on patient care
−51.5%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $5.5M in its first year on file (2012) to $10.1M in 2025.
  • Its result from patient care: $6.2M (2023), $6.7M (2024), −$5.2M (2025).
  • None of the 5 psychiatric hospital peers below with a margin on file reports a loss on patient care for fiscal year 2025.
  • Medicaid paid for 16.5% of its inpatient days and Medicare for 5.4%.

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
2012
settled
$5.5M
$7.7M
2013
settled
$8.0M
$8.8M
2014
settled
$10.1M
$10.1M
2015
settled
$12.3M
$11.3M
2016
settled
$14.7M
$12.6M
2017
settled
$15.5M
$13.0M
2018
settled
$15.6M
$13.0M
2019
settled
$16.4M
$14.3M
2020
settled
$19.2M
$18.7M
2021
settled
$23.7M
$19.4M
2022
settled
$28.8M
$22.5M
2023
settled
$29.0M
$22.8M
2024
settled
$26.6M
$19.8M
2025
settled
$10.1M
$15.3M

Beside its peers

Psychiatric hospitals in Indiana with 50 to 99 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Options Behavioral Health System84$10,117,403$15,333,428−51.5%
Bloomington Meadows Hospital, Bloomington78$20,934,474$16,303,42122.1%
Harsha Behavioral Center, Terre Haute81$18,196,413$15,434,45015.2%
Medical Behavioral Hospital of Indianapolis, Greenwood64$18,588,912$13,620,07726.7%
Neurobehavioral Hospital, Crown Point70$17,743,061$13,658,36223.0%
Valle Vista Health System, Greenwood98$39,540,588$33,780,75514.6%

Patients and payers

Discharges
1,252
S-3 line 14, col 15
Inpatient days
8,660
S-3 line 14, col 8
Beds in use, on an average day
31.8
days ÷ days in year
Occupancy
37.8%
days ÷ bed days
Medicare share of days
5.4%
S-3 cols 6 ÷ 8
Medicaid share of days
16.5%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: ACADIA HEALTHCA, home office.

Type of control on its cost report: proprietary, corporation.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 154057. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read May 25, 2026.