Velarion Records

Psychiatric hospital · Indianapolis, Indiana · 43 beds · CMS certification number 154064

Assurance Health Indianapolis

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 2, 2026. Ten years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$14.8M
$14,800,181 · G-3 line 3
Operating expenses
$12.0M
$12,049,902 · G-3 line 4
Result from patient care
$2.8M
$2,750,279 · G-3 line 5
Margin on patient care
18.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $1.2M in its first year on file (2016) to $14.8M in 2025.
  • Its result from patient care: $2.2M (2023), $1.9M (2024), $2.8M (2025).
  • 3 of the 5 psychiatric hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 0.9% of its inpatient days and Medicare for 50.8%.
  • ASSURANCE HEALTH SYSTEM LLC holds 100% of it, on its Medicare enrollment.

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

Ten years of filings

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

Net patient revenueOperating expenses
2016
settled
$1.2M
$2.2M
2017
settled
$7.3M
$6.4M
2018
settled
$6.8M
$6.8M
2019
settled
$7.3M
$5.9M
2020
settled
$9.6M
$9.6M
2021
settled
$13.7M
$10.8M
2022
settled
$13.5M
$11.7M
2023
settled
$13.4M
$11.2M
2024
settled
$13.3M
$11.4M
2025
as submitted
$14.8M
$12.0M

Beside its peers

Psychiatric hospitals in Indiana with 25 to 49 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Assurance Health Indianapolis43$14,800,181$12,049,90218.6%
Brentwood Springs, Newburgh48$13,101,110$16,089,682−22.8%
Doctors Neuropsychiatric Hospital, Bremen47$14,080,852$11,207,27520.4%
Ethan Crossing Addiction Campus of Indianapolis, Indianapolis41$14,624,065$17,874,487−22.2%
Medical Behavioral Hospital-Mishawaka, Mishawaka48$15,166,635$10,893,96828.2%
Sycamore Springs, Lafayette48$18,030,565$17,225,2484.5%

Patients and payers

Discharges
969
S-3 line 14, col 15
Inpatient days
13,268
S-3 line 14, col 8
Beds in use, on an average day
36.5
days ÷ days in year
Occupancy
84.5%
days ÷ bed days
Medicare share of days
50.8%
S-3 cols 6 ÷ 8
Medicaid share of days
0.9%
S-3 cols 7 ÷ 8

Who owns it

  • ASSURANCE HEALTH SYSTEM LLC100%

Other hospitals with the same owner: Anew Health (KS), Assurance Health Cincinnati (OH), Assurance Health Hudson (OH), Assurance Health Toledo (OH).

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

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 154064. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read June 2, 2026.